A 23,500 sq ft industrial property located at 89-50 127th Street in Richmond Hill, Queens, was sold for $9.7 million, which equates to approximately $413 per sq ft. The transaction was completed on May 1, 2026, involving property assets in the industrial market.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $9,700,000
• Square Footage: 23,500
• Price per Square Foot: $413
• Buyer: Bruce J. Flanz - MediSys Health Network
• Seller: Elie Romano
• Date of Transaction: May 1, 2026
• Address: 89-50 127th Street
• Market: Richmond Hill, Queens

Bruce J. Flanz represented MediSys Health Network in this acquisition, while Elie Romano was the seller in this transaction. The deal reflects a strategic investment in the industrial sector by the buyer.