Pinnacle Realty Of New York Represents Buyer In $9M Office Sale In Long Island City

The property asset involved in this transaction is an office space located at 24-09 38th Avenue in Long Island City. The sale price for this asset was $9,000,000, encompassing a total square footage of 24,865, resulting in a price per square foot (PPSF) of $361.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $9,000,000
• Square Footage: 24,865
• Price per Square Foot: $361
• Market: Long Island City
• Buyer's Representatives: Daniel Tack, Decio Baio & George Margaronis - Pinnacle Realty of New York
• Seller's Representatives: Stephen R. Preuss Sr., Kevin Louie & Andreas Efthymiou - Ripco

This transaction involved multiple representatives from both the buyer's and seller's sides. The buyer was represented by Daniel Tack, Decio Baio, and George Margaronis from Pinnacle Realty of New York, while Stephen R. Preuss Sr., Kevin Louie, and Andreas Efthymiou represented the seller from Ripco.