Kevin Zhang Acquires Industrial Property In Ridgewood Queens For $25M

The industrial property located at 75 Onderdonk Avenue in Ridgewood, Queens was recently sold for a total of $25,000,000. This transaction took place on July 19, 2021. The property offers approximately 66,000 square feet of space, resulting in a price per square foot of $378. The buyer of the property was Kevin Zhang, while Richard Staiano acted as the seller.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $25,000,000
• Address: 75 Onderdonk Avenue
• Market: Ridgewood, Queens
• Buyer: Kevin Zhang
• Seller: Richard Staiano
• Buyer's Representative: Brian Jaffe - Jaffe Realty
• Seller's Representatives: Thomas A. Donovan & Robert Rappa - B6 Real Estate Advisors

The deal was facilitated by Brian Jaffe from Jaffe Realty, who represented the buyer, Kevin Zhang. On the other hand, Thomas A. Donovan and Robert Rappa from B6 Real Estate Advisors served as the seller's representatives in this transaction.