Innovo Property Group Acquires Industrial Property In Long Island City

A 25,780 square-foot industrial property located at 21-32 Borden Ave in Long Island City has been sold for $11,000,000. The property was sold by Paul McKinnell to Innovo Property Group, represented by Andrew Chung. The transaction was facilitated by Stephen R. Preuss Sr., Andreas Efthymiou, Kevin Louie, and Kevin Schmitz from Ripco Real Estate. The property has a price per square foot of $426.

Summary of Transaction Details:

• Property Type: Industrial
• Transaction Amount: $11,000,000
• Address: 21-32 Borden Ave, Long Island City
• Market: Long Island City

Andrew Chung represented Innovo Property Group as their buyer in the transaction. Meanwhile, Paul McKinnell acted as the seller. The deal was executed with the assistance of Stephen R. Preuss Sr., Andreas Efthymiou, Kevin Louie, and Kevin Schmitz from Ripco Real Estate.