Andrew & Rosetta Vessillo Sell Multifamily Property In Long Island City For $3.75M

47-09 Vernon Boulevard, located in Long Island City, Queens, is a multifamily asset that recently completed a sale at a price of $3,750,000. The property comprises 6 units and offers a total square footage of 4,500, resulting in a price per unit of $625,000 and a price per square foot of $833. The site includes 7,500 buildable square feet and has 3,000 additional air rights. The property was delivered vacant.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,750,000
• Units: 6
• Square Footage: 4,500
• Price Per Unit: $625,000
• Price Per Square Foot: $833
• Seller: Andrew & Rosetta Vessillo
• Broker Representatives: Donal Flaherty, Tom Reynolds & Karan Khanna - Investment Property Realty Group
• Buildable Square Feet: 7,500
• Additional Air Rights: 3,000

This transaction involved the broker representatives Donal Flaherty, Tom Reynolds, and Karan Khanna, who facilitated the deal for the sellers Andrew & Rosetta Vessillo. The brokers are affiliated with Investment Property Realty Group.