Damien Smith Acquires Garage In LIC, Queens For $7M

The property located at 11-06 Broadway in LIC, Queens has been sold in a closed transaction. The asset is classified as garages and falls under the R5 zoning category. The deal was finalized on March 16, 2021.

Summary of Transaction Details:

• Property Type: Garages
• Sale Price: $7,000,000
• Building Square Footage: 28,450
• Price Per Square Foot: $246
• Total Lot Size: 22,760 square feet
• Lot Dimensions: 227.12 ft x 100.48 ft
• Tax Class: 4
• Floor Area Ratio (FAR): 0.65

The buyer of the property is Damien Smith, while the seller is Chryssanthi Ventouratos. The transaction involved a purchase price of $7,000,000, with a building square footage of 28,450. The price per square foot was calculated at $246. The property's total lot size measures 22,760 square feet, with dimensions of 227.12 ft x 100.48 ft.