Zheng Sheng Zheng Acquires Industrial Building In Long Island City, Queens For $4.5M

An industrial building located at 11-30 44th Road in Long Island City, Queens has been sold in a recent transaction. The property was purchased by Zheng Sheng Zheng's entity, 1130 44th Rd Property LLC, from Jonathan White's entity, 11-30 44th Rd., Inc., for a total sale price of $4.5 million. This industrial asset spans 10,000 square feet and has a building square footage (BSF) of 19,998. The price per building square footage (PPBSF) is $225, while the price per square foot (PPSF) of the property is $450.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $4,500,000
• Address: 11-30 44th Road
• Market: Long Island City, Queens

The buyer, Zheng Sheng Zheng, acquired the industrial building through his entity, 1130 44th Rd Property LLC. Meanwhile, Jonathan White represented the seller, 11-30 44th Rd., Inc. This transaction highlights the successful transfer of the property ownership from the seller to the buyer, contributing to the growth and development of the real estate market in Long Island City, Queens.