Court 16 Acquires Mixed-Use Building In Long Island City For $5.2M

An mixed-use building located at 13-06 Queens Plaza South in Long Island City, Queens has been sold for a total price of $5,225,000. The building has a total square footage of 22,190 and a price per square footage of $235. It consists of 11,000 square feet, which translates to a price per square foot of $475.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $5,225,000
• Building Square Footage: 22,190
• Price per Square Foot: $235
• Total Square Footage: 11,000
• Price per Square Foot: $475

Court 16, the tennis education firm operating through the entity Court 16 LIC Properties LLC, has acquired the mixed-use building at 13-06 Queens Plaza South from Edward Farrell of Gratz Industries, Inc. The seller, Edward Farrell, was represented by his broker.