Alexander Kostovasky Acquires Industrial Property In Hunters Point, Queens For $6.72M

A warehouse property located at 5-17 47 Road in Hunters Point, Queens, was recently sold in a closed transaction. The industrial asset is zoned as M1-4/R6B and is situated in the LIC area.

Summary of transation details

• Property Type: Industrial
• Transaction Amount: $6,720,000
• Address: 5-17 47 Road, Hunters Point, Queens
• Market: LIC
• Lot Size: 75 ft x 100 ft

The buyer of the property was Alexander Kostovasky, while the seller was identified as Ronald Sloop. The transaction was completed on 12/18/2020.

The warehouse has a building square footage (BSF) of 20,000, resulting in a price per BSF (PPBSF) of $336. Additionally, the property has a total square footage (SF) of 12,500, with a price per square foot (PPSF) of $538.