TF Cornerstone Acquires Industrial Building In Long Island For $25.5M

An industrial building located at 38-21 12th Street in New York has been sold for $25,500,000. The property spans across 70,200 square feet and was sold for $363 per square foot. The seller of the building was Elysabeth Kleinhans, while the buyers were Thomas Elghanayan and Frederick Elghanayan from TF Cornerstone.

Summary of transaction details

• Property Type: Industrial Building
• Transaction Amount: $25,500,000
• Address: 38-21 12th Street, New York
• Market: Long Island
• Square Footage: 70,200
• Price per Square Foot: $363
• Seller: Elysabeth Kleinhans
• Buyers: Thomas Elghanayan and Frederick Elghanayan from TF Cornerstone

The buyers in this transaction, Thomas Elghanayan and Frederick Elghanayan, represented TF Cornerstone. They successfully acquired the industri