Liangdong Jin Acquires Industrial Property In Flushing For $4.9M

A industrial property located at 131-19 Sanford Avenue in Flushing has been sold in a recent transaction. The property is situated on a lot size of 5,000 square feet with dimensions of 50 ft x 100 ft. It falls under the M1-2 zoning classification, making it suitable for industrial use. The sale took place on September 23, 2021.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $4,879,650
• Address: 131-19 Sanford Avenue, Flushing
• Market: Flushing
• Buyer: Liangdong Jin
• Seller: Brian Jenik
• Building Square Footage (BSF): 10,000
• Price per BSF (PPBSF): $487
• Lot Square Footage (SF): 4,750
• Price per SF (PPSF): $1,027
• Floor Area Ratio (FAR): 0.95
• Tax Class: 4
• Permits: Alteration 2 (05/30/2012)

Liangdong Jin was the buyer in this transaction, while Brian Jenik acted as the seller. The property was sold for a total price of $4,879,650. The building has a BSF of 10,000 square feet, resulting in a price per BSF of $487. The lot itself has a size of 4,750 square feet, with a price per SF of $1,027. The transaction also involved an alteration permit, specifically Alteration 2, obtained on May 30, 2012.