Rockrose NYC - Elghanayan Family Acquires Industrial Property In Long Island City From Douglas S Partrick For $13M

HENRY ELGHANAYAN and JUSTIN ELGHANAYAN have acquired an industrial property in Long Island City. The property, located at 43-12 & 43-14 Queens St., was sold by DOUGLAS S PARTRICK. The transaction took place on 11/18/2020 for a total price of $13,000,000. The property is zoned as M1-5/R9 and has a building size of 37,600 square feet. The price per square foot is approximately $345. Prior to this sale, the property was last sold for $3,700,000 in January 2008.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $13,000,000
• Address: 43-12 & 43-14 Queens St.
• Market: Long Island City
• Zoning: M1-5/R9

Henry Elghanayan and Justin Elghanayan, representing Rockrose NYC - Elghanayan Family, were the buyers in this transaction. They acquired the property from Douglas S Partrick. The deal marks a significant investment in the Long Island City industrial market. The industrial property, with its sizable building and strategic location, offers promising potential for the buyers.