Daphne Konstantinides Acquires Industrial Building In Long Island City For $5M

An industrial building located at 42-32 21st Street in Long Island City, Queens, was sold for $5 million. The property spans 21,000 square feet, translating to a price per square foot of $238. The transaction took place on March 15, 2024, with Daphne Konstantinides acquiring the asset from Ronald M. Sherman's Cmt Properties, LLC.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $5,000,000
• Buyer: Daphne Konstantinides
• Seller: Ronald M. Sherman
• Buyer's Representative: Elpida Properties LLC

Daphne Konstantinides was represented by Elpida Properties LLC in the acquisition of the industrial building at 42-32 21st Street. The property was purchased from Ronald M. Sherman's Cmt Properties, LLC, marking a significant transaction in Long Island City, Queens.