The Drywall Pension Building Fund Inc. Acquires Office Building In Astoria For $5.5M

The property at 36-18 33rd Street in Astoria has been sold. The asset is classified as an office and is zoned as M1-2/R5B, M1-2/R6A, LIC. The property has a lot size of 5,987 square feet and a FAR of 2.03. The last recorded sale price for this property was $4,319,500 on June 4, 2007. The most recent transaction involves the buyer, The Drywall Pension Building Fund Inc., and the seller, Lina Gottesman. The sale price for this transaction was $5,500,000. The building has a total square footage of 12,154, with a price per square foot of $452. The building also has a BSF of 11,974, with a price per BSF of $459. The property is classified under tax class 4. There was a previous alteration of type 2 permit on July 29, 2013, and the lot dimensions are 55 feet by 95 feet.

Summary of transation details

• Property Type: Office
• Transaction Amount: $5,500,000
• Lot Size: 5,987 SF
• FAR: 2.03
• Last Sale Price: $4,319,500 (06/04/2007)
• Permits: Alteration type 2 (07/29/2013)
• Lot Dimensions: 55 ft x 95 ft

The Drywall Pension Building Fund Inc. served as the buyer in this transaction, while Lina Gottesman acted as the seller. This deal represents an important venture in the Astoria market.