Ecrin D'Eiitis Acquires Industrial Building In Long Island City, Queens For $4.8M

Ecrin D'Eiitis Inc., represented by Chris Miao, acquired an industrial building located at 42-29 11th Street in Long Island City, Queens. The property was purchased from Axel Spring & Welding II, LLC for a total of $4.8 million. With a total buildable area of 18,260 square feet, the property offers 9,130 square feet of built space and an equal amount of additional air rights. The transaction reflects a price per square foot of $526 and a price per built square foot of $263.

Summary of transation details

• Property Type: Industrial
• Transaction Amount: $4,800,000
• Address: 42-29 11th Street
• Market: Long Island City, Queens
• Buyer: Ecrin D’Eiitis Inc - Chris Miao
• Seller: Axel Spring & Welding II, LLC

The acquisition of the industrial building in Long Island City showcases the involvement of Ecrin D'Eiitis Inc., represented by Chris Miao, as the buyer, and Axel Spring & Welding II, LLC as the seller. This transaction highlights the growth and demand for industrial properties in the area.