Mike Brion Acquires Industrial Property In Greenwood Heights For $3.4M

Located at 151-155 25th St. in Greenwood Heights, this industrial property was recently sold in a transaction on 03/17/2022. The property, spanning 3,742 square feet, was purchased by Mike Brion for a total sale price of $3,400,000, equating to a price per square foot of $908. The buyer was represented by Chris Varjan, Jonathan Braun, and George Steffani from Lee & Associates, while the seller was represented by Frank Coppolla from KW Staten Island.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $3,400,000
• Address: 151-155 25th St., Greenwood Heights
• Square Footage: 3,742
• Price per Square Foot: $908
• Buyer: Mike Brion
• Seller: Manolis Papaderos
• Buyer's Representative: Chris Varjan, Jonathan Braun, and George Steffani - Lee & Associates
• Seller's Representative: Frank Coppolla - KW Staten Island

Lee & Associates, representing the buyer, facilitated this transaction. The buyer plans to utilize the commercial space and parking for their business. Lee & Associates has completed four end-user sales in the past three months and currently has more under contract. They are actively seeking new opportunities in the boroughs and encourage interested parties to reach out with any market needs.