Steve Donadic Acquires Industrial Building In Sunnyside, Queens For $7.5M

An industrial building located at 38-16 48th Avenue in Sunnyside, Queens, was recently sold in a transaction that closed on June 10, 2022. The property, which is zoned as M1-1, features a total building size of 14,000 square feet. The sale price for the property was $7,500,000, resulting in a purchase price per square foot of $535. The lot size is 14,000 square feet, with dimensions measuring 140 feet by 100 feet. The property has a floor area ratio (FAR) of 0.91 and is classified as tax class 4.

Summary of transaction details

• Property Type: Industrial Building
• Transaction Amount: $7,500,000
• Market: Sunnyside, Queens
• Buyer: Steve Donadic
• Seller: Daniel Racan
• Price per Square Foot: $535
• Building Square Feet: 14,000
• Lot Size: 14,000 square feet
• Permits: Alteration 2 (01/11/2006)
• Lot Dimension: 140 ft x 100 ft

The buyer of the property is Steve Donadic, while the seller is Daniel Racan. The transaction also involved an alteration permit issued on January 11, 2006. The deal was brokered by 's REP on behalf of the buyer and seller.