SOLD
Massimo Paniccia Acquires Industrial Property In Long Island City For $11.2M
36-01 Queens Boulevard
Industrial
28,500 SF
28,500 SF
Sold 1 year ago
Summary
Sale
NEW YORK
Industrial
28,500 sqft
The industrial property located at 36-01 Queens Blvd in Long Island City has been sold in a closed transaction. The property spans 28,500 square feet and was sold for a sale price of $11,200,000. The asking price for the property was $12,000,000, indicating a negotiated sale price below the initial asking price. The price per square foot for this transaction is $392. The property last traded in 2018 for $9,500,000. The sellers, Platinum Realty NYC, have now sold the property to a user/investor.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $11,200,000
- Square Footage: 28,500
- Price per Square Foot: $392
- Market: Long Island City
The buyer in this transaction is Massimo Paniccia. The seller is Platinum Realty NYC. Brian Jaffe from Jaffe Realty acted as the broker representing the buyer in this deal.
Players
All
1
Agents
1
Details
SOLD
IMAGE: Brian Jaffe
DATE: 10/03/2019
ADDRESS: 36-01 Queens Blvd
MARKET: Long Island City
ASSET TYPE: Industrial
BUYER: Massimo Paniccia
SELLER: @PlatinumRealtyNYC
BROKER: Brian Jaffe – Jaffe Realty
ASKING PRICE: $12,000,000
SALE PRICE: $11,200,000
SF: 28,500 PPSF: $392
NOTE: Building last traded in ‘18 for $9,500,000. Sellers now sold to a user/investor.View on map
Loading...
Address36-01 Queens Boulevard
Comparables
Reset filters to show results.
Contact
Get in touch with the broker you want