Quality Stone Corp Acquires Industrial Property In Astoria, Queens For $6.8M

The industrial property located at 24-32 44th Street in Astoria, Queens has been sold. The transaction took place on November 4, 2022. The property, with a total building square footage (BSF) of 24,218, was acquired by Quality Stone Corp for a sale price of $6,800,000. The price per building square footage (PPBSF) amounts to $281, while the property's total square footage (SF) is 15,250, resulting in a price per square foot (PPSF) of $446. The seller of the property was Electrotech Service Equipment Corporation, represented by Joseph Amendolora.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $6,800,000
• BSF: 24,218
• PPBSF: $281
• SF: 15,250
• PPSF: $446

Quality Stone Corp, led by George Papadonikolakis, completed the purchase of the property. Electrotech Service Equipment Corporation, represented by Joseph Amendolora, served as the seller. This transaction marks a significant deal in the Astoria, Queens industrial market.