Jay Lau & Leon Chen Sell Office Asset In Long Island City For $4.75M With Ripco Brokers

This office asset, situated at 37-31 10th Street in Long Island City, has recently been sold for $4,750,000. The property spans a total area of 25,041 square feet, which results in a price per square foot of $189.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $4,750,000
• Address: 37-31 10th Street
• Market: Long Island City
• Square Footage: 25,041
• Price per Square Foot: $189
• Seller: Jay Lau & Leon Chen
• Broker Representatives: Stephen R. Preuss Sr., Kevin Louie, Andreas Efthymiou & Eric Delafraz - Ripco

The transaction was facilitated by the brokerage firm Ripco, represented by Stephen R. Preuss Sr., Kevin Louie, Andreas Efthymiou, and Eric Delafraz, highlighting the expertise of these individuals in managing property deals in the region.