Luxstone Partners Acquires Mixed-use Property At 35-63 90th Street From Beatrice Gavin For $8M

The asset involved in this transaction is a mixed-use property located at 35-63 90th Street in Jackson Heights. The sale price was $8,000,000, which reflects a per unit price of $222,222 across its 36 units and a price per square foot of $232 for a total square footage of 34,470.

Summary of transaction details:

• Property Type: Mixed-use (5 Commercial & 31 Residential)
• Transaction Amount: $8,000,000
• Units: 36
• Price Per Unit: $222,222
• Square Footage: 34,470
• Price Per Square Foot: $232
• Buyer: Luxstone Partners
• Seller: Beatrice Gavin
• Seller's Representative: Stephen Dadourian & Matthew Gavin - Matthews

The transaction was facilitated by representatives Stephen Dadourian and Matthew Gavin from Matthews, who played a crucial role in representing the seller, Beatrice Gavin, throughout the deal. Luxstone Partners acquired the property through this transaction, marking a significant development in the Jackson Heights market.