The industrial property located at 3533-3541 31st Street in Astoria has been sold in a recent transaction. The property is zoned as R5 and spans an area of 7,812 BSF (building square footage) with a lot size of 25 ft x 90 ft. The transaction took place on 12/03/2020.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $2,400,000
• Market: Astoria

The buyer of the property is Gus Ioanis, while the seller is Brett Morgan. The deal was facilitated by brokers Stephen R. Preuss from TeamPreuss and Andreas Efthymiou from Cushman & Wakefield.

The property was sold for a price of $2,400,000, resulting in a price per building square footage (PPBSF) of $307. The total square footage of the property is 4,000, leading to a price per square foot (PPSF) of $600. The previous sale of the property occurred in October 2004 for $702,431.