Superior Management And L&L Capital Partners Acquire Astoria Industrial Property For $12.4M

An industrial warehouse building located at 42-45 12th Street in Astoria, Queens, has been sold for $12.4 million. The property is a six-story, 41,400-square-foot warehouse that was purchased by Adam Nagin of Superior Management and L&L Capital Partners, under the entity Eulisis Capital LLC. The sale price equates to a price per square foot of $299.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $12,393,000
• Address: 42-45 12th Street, Astoria, Queens
• Market: Astoria, Queens
• Buyer: Superior Management - Adam Nagin & L&L Capital Partners
• Square Footage: 41,400
• Price Per Square Foot: $299

Adam Nagin, representing Superior Management and L&L Capital Partners, has successfully acquired the foreclosed warehouse building. The purchase was made under the entity Eulisis Capital LLC and signifies their interest in the Astoria, Queens industrial market. The transaction price of $12.4 million indicates the value placed on this sizable 41,400-square-foot property.