Greg Kalamaras, Mike DiFonzo & Veronika Sikorski Buy Industrial Property From Barry Leistner For $8.5M

The property asset involved in the transaction is located at 37-11 Vernon Boulevard in Long Island City. It was sold for $8,500,000 and encompasses a total square footage of 18,440. The property sits on a 25,000 SF lot, allowing for 6,600 SF of open space, and includes the NNN lease of the adjacent 3-story industrial and office building at 814 37th Avenue for $190,000 per year ($17/SF NNN), along with an option to purchase.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $8,500,000
• Address: 37-11 Vernon Boulevard
• Market: Long Island City
• Square Footage: 18,440
• Price Per Square Foot: $460
• Buyer: Greg Kalamaras, Mike DiFonzo & Veronika Sikorski
• Seller: Barry Leistner
• Brokers: Jakub Nowak & Matthew Rosenzweig - Marcus & Millichap; Jonathan Eshaghian - Isaacson RE Corp

This transaction involves the partnership of a local construction and suspension company acquiring the properties. The brokers involved facilitated the deal, highlighting their expertise in the market. The lease agreement for the adjacent property adds value to the overall transaction.