Despotakis Family Acquires Mixed-Use Property On 24th Avenue For $2.9M

The mixed-use property located at 36-19 24th Avenue in Ditmars-Steinway was recently sold for $2,900,000. Spanning 7,250 square feet, the property was transacted at a price per square foot of $400. The sale involved the Despotakis Family as the buyers and the Stavrianopolous Family as the sellers. The deal was facilitated by Paul Youssef from FTS Capital.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $2,900,000
• Address: 36-19 24th Avenue
• Market: Ditmars-Steinway

Paul Youssef of FTS Capital played a crucial role as the broker in the transaction, representing the parties involved in the sale of the mixed-use property. The Despotakis Family, as buyers, successfully acquired the asset from the Stavrianopolous Family, the sellers, marking a significant transaction in the Ditmars-Steinway market.