Michael Vella Purchases Industrial Property At 12-20 37th Avenue For $2 Million

The industrial asset located at 12-20 37th Avenue in Long Island City has a transaction price of $2,000,000. The property encompasses a total area of 5,000 square feet, yielding a price per square foot of $400.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $2,000,000
• Address: 12-20 37th Avenue
• Market: Long Island City
• Square Footage: 5,000
• Price Per Square Foot: $400
• Buyer: Michael Vella
• Seller: Chris Economou
• Brokers: George Margaronis, Tyler Fields & James Ege - Pinnacle Realty of New York

The deal was facilitated by brokers George Margaronis, Tyler Fields, and James Ege, representing Pinnacle Realty of New York, ensuring the transaction process was conducted efficiently between the buyer, Michael Vella, and the seller, Chris Economou.