Mike Pacifico Acquires Multi Family Property On Madison Street Queens For $2M

The multi-family property located at 1709 Madison Street in Queens, New York, was recently sold for $2,000,000. The property spans 5,600 square feet, resulting in a price per square foot of $357. The transaction involved two vacant apartments at the time of sale, offering potential for additional income.

Summary of transaction details

• Property Type: Multi Family
• Transaction Amount: $2,000,000
• Address: 1709 Madison Street, Queens, New York
• Market: Queens
• Square Footage: 5,600 sf
• Price per Square Foot: $357
• Seller: Richard McClain
• Buyer: Mike Pacifico
• Brokers: Tom Shihadeh, Shaun Riney of Marcus & Millichap

This transaction was facilitated by Tom Shihadeh and Shaun Riney of Marcus & Millichap, representing both the seller, Richard McClain, and the buyer, Mike Pacifico. Their expertise and guidance played a crucial role in closing this deal.