Community Facility Sold In Little Neck Queens For $3.8M With Brokers Michael Tortorici Alexander Taic Brett Baker

The asset involved in this transaction is a community facility located at 47-14 Glenwood Street in Little Neck, Queens. The property was sold for a total price of $3,800,000, covering a total square footage of 10,770, which results in a price per square foot of approximately $352.

Summary of transaction details:

• Property Type: Community Facility
• Transaction Amount: $3,800,000
• Square Footage: 10,770
• Price per Square Foot: $352
• Address: 47-14 Glenwood Street
• Market: Little Neck, Queens

The deal involved brokers Michael Tortorici and Alexander Taic from Ariel Property Advisors, as well as Brett Baker from NextStopNY Real Estate. It was noted that strong interest in the property led to its value being driven nearly 10% over the asking price.