Douglas Limongelli Purchases Commercial Warehouse From Rocco DiConza In Astoria For $2.4M

The property asset involved in this transaction is a commercial warehouse located at 24-77 47th Street, Astoria. The sale price was $2,400,000, encompassing a total area of 5,000 square feet. The asset is situated on a 50 x 100 lot and is zoned M1-1, featuring two loading access points and on-site parking in a location that provides excellent access to the BQE, GCP, RFK Bridge, and LaGuardia Airport.

Summary of transaction details:

• Property Type: Commercial Warehouse
• Transaction Amount: $2,400,000
• Square Footage: 5,000
• Address: 24-77 47th Street
• Market: Astoria
• Price Per Square Foot: $480
• Buyer: Douglas Limongelli
• Seller: Rocco DiConza
• Broker Representatives: Carmela Vlacich & Daniela Vlacich

In this transaction, Carmela Homes Corp. represented the brokers involved. The asset's specifications provide a range of opportunities for both commercial and residential developments in Queens, New York.