Alex Lau Acquires Office Building In Bayside For $13,000,000 Represented By Uriya Shalem

The property asset involved in this transaction is an office located at 42-40 Bell Boulevard in the Bayside market. The sale price was $13,000,000 for a space measuring 61,620 square feet, resulting in a price per square foot of approximately $210.

Summary of transation details:

• Property Type: Office
• Transaction Amount: $13,000,000
• Buyer: Alex Lau
• Seller: Leonard Zangas
• Broker: Uriya Shalem - UTS Capital
• Date of Sale: 4/28/2026

Uriya Shalem represented UTS Capital in this transaction, facilitating the sale between the buyer, Alex Lau, and the seller, Leonard Zangas. The deal highlights the collaboration between these key individuals in closing the transaction in the Bayside market.