Carter Milchman & Frank Acquires Long Island City Industrial Property For $5.4M

Industrial property located at 13-15 37th Ave. in Long Island City was recently sold for a sale price of $5,400,000. The property spans across 21,000 square feet and has an asking price of $6,000,000. The price per square foot was estimated to be $257. The transaction was facilitated by broker Rob Hebron from Ingram Hebron.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $5,400,000
• Address: 13-15 37th Ave., Long Island City
• Market: Long Island City
• Asking Price: $6,000,000
• Square Footage: 21,000
• Price Per Square Foot: $257
• Buyer: Carter Milchman & Frank - David Rechtweg
• Seller: Peter Fakaris
• Broker: Rob Hebron from Ingram Hebron

The buyer in this transaction was represented by Carter Milchman & Frank and their agent, David Rechtweg, while the seller, Peter Fakaris, represented themselves. Rob Hebron from Ingram Hebron acted as the broker in the deal. The sale of this industrial property in Long Island City marks a significant transaction in the local market.