The transaction involves a multi-parcel assemblage located at 3545 41st Street, 3533 41st Street, and 3542 41st Street in Astoria, characterized as an industrial/development asset. The properties span a total of 39,003 square feet, with a sale price of $37,000,000, resulting in a price per square foot of $948.64.

Summary of transaction details:

• Property Type: Industrial / Development
• Transaction Amount: $37,000,000
• Square Footage: 39,003
• Address: 3545 41st Street, 3533 41st Street & 3542 41st Street
• Market: Astoria
• Buyer: Matthew Schwartz
• Seller: Mayer Malbin
• Brokers: Theo Kontis & Vincenzo Amato - TEK Realty Advisors LLC; Brian Jaffe - Jaffe Realty LLC

TEK Realty Advisors LLC and Jaffe Realty LLC were the exclusive listing agents for this transaction, facilitating the sale of the multi-parcel assemblage involving the buyer Matthew Schwartz and seller Mayer Malbin.