Islam Family Purchases Mixed-Use Property At 73-12 70th Street From Sprotte Family For $550,000

73-12 70th Street, located in Glendale, NY, is a mixed-use property that was sold for $550,000. The asset comprises 1,700 square feet of space, with a price per square foot of $323. The building includes office space situated above two garages.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $550,000
• Address: 73-12 70th Street
• Market: Glendale
• Square Footage: 1,700
• Price per Square Foot: $323
• Buyer: Islam Family
• Seller: Sprotte Family
• Brokers: David Caba & DJ Johnston - Matthews

This transaction was facilitated by brokers David Caba and DJ Johnston of Matthews Real Estate Investment Services™, marking the final asset in the NYC investment portfolio of the seller. This strategic sale represents the conclusion of a well-executed disposition strategy that involved multiple properties.