Anthony Faglione Acquires Long Island City Industrial Property For $7.55M

The industrial property located at 35-11 Greenpoint Avenue & 50-25 35th Street in Long Island City was recently sold for $7,550,000. The property spans 25,000 square feet and has a price per square foot of $302. It is classified as an Industrial asset and falls under the M1-1 zoning category. The lot size of the property is 18,500 square feet, and it is designated as Tax Class 4.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $7,550,000
• Date: 12/09/2021
• Address: 35-11 Greenpoint Avenue & 50-25 35th Street
• Market: Long Island City
• Zoning: M1-1
• Lot Size: 18,500 SF

The buyer of the property is Anthony Faglione, while the seller is Alexander Kostovetsky. The deal was facilitated by brokers Jakub Nowak and Jonathan Eshaghian of The Nowak Group, representing Marcus & Millichap.