Jeff Lam Acquires Office Property In Queens For $7.4M

The property at 2268 31st Street in Queens has been sold in a recent closed transaction. It is an office asset with a total square footage of 7,668 square feet. The building itself has a total square footage of 24,769. The property was sold for a price of $7,365,000, corresponding to a price per square foot of $958 and a price per building square foot of $297.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $7,365,000
• Square Footage: 7,668
• Building Square Footage: 24,769
• Price per Square Foot: $958
• Price per Building Square Foot: $297

The buyer of the property is Jeff Lam. The seller is Ditmars Assoc., represented by Leon Miller. The deal was facilitated by brokers Greg Batista, Todd Cooper, and Mark Kaplan from Ripco Real Estate.