Kevin Gray Acquires Office Building In Ridgewood, Queens For $17.5M

Located at 55-01 Myrtle Avenue in Ridgewood, Queens, this office property was recently sold in a transaction closed on April 19, 2021. The property spans 16,925 square feet, with a sale price of $17,500,000, equating to a price per square foot of $1,033. The buyers, represented by Kevin Gray, acquired the property from the sellers, Infinity Collective, represented by Steven Kassin, Michael Gershman, and Daniel Gluck. The deal was facilitated by Steven Rutman and Ethan Stanton of JLL.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $17,500,000
• Address: 55-01 Myrtle Avenue, Ridgewood, Queens
• Square Footage: 16,925
• Price Per Square Foot: $1,033

Led by Kevin Gray, the buyers successfully completed the acquisition of this office property. They entered into the transaction with the sellers, Infinity Collective, consisting of Steven Kassin, Michael Gershman, and Daniel Gluck. Steven Rutman and Ethan Stanton, from JLL, represented both parties throughout the deal.