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Emanuel Magnioles Acquires Retail Building In Astoria, Queens For $4.8M

Property Image
SOLD
$4,800,000

New York

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Retail13,704 SF
Sold 11/15/2023
the dealdetailscomps
Property Image
SOLD

Emanuel Magnioles Acquires Retail Building In Astoria, Queens For $4.8M

Retail13,704 SF
Sold 11/15/2023
the dealdetailscomps

Summary

Asset Type:Retail
Price Per Square Foot:$350
Total Square Footage:13,704 SF
Transaction Type:Sale

Emanuel Magnioles, operating through Broadway Nema, LLC, acquired a retail building at 37-20 Broadway and an adjacent property at 32-08 38th Street in Astoria, Queens. The sale price for the transaction was $4.8 million. The retail building has a total square footage of 6,852, resulting in a price per square foot of $701. The adjacent property spans a total of 14,907 square feet, with a price per square foot of $322. The address of the property is 37-20 Broadway & 32-08 38th Street, in the market of Astoria, Queens.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $4,800,000
  • BSF: 14,907
  • PPBSF: $322
  • SF: 6,852
  • PPSF: $701

Emanuel Magnioles, representing Broadway Nema, LLC, acted as the buyer in this transaction. On the other side, Benny Loria was the seller. The sale involved properties located at 37-20 Broadway and 32-08 38th Street in Astoria, Queens.

Details

SOLD
IMAGE: 11/15/2023 ADDRESS: 37-20 Broadway & 32-08 38th Street MARKET: Astoria, Queens ASSET TYPE: Retail BUYER: Emanuel Magnioles SELLER: Benny Loria SALE PRICE: $4,800,000 BSF: 14,907 ~ PPBSF: $322 SF: 6,852 ~ PPSF: $701 NOTE: Emanuel Magnioles, operating through Broadway Nema, LLC, acquired a retail building at 37-20 Broadway and an adjacent property at 32-08 38th Street in Astoria, Queens, for $4.8 million from Benny Loria's entity, 3720 Broadway LLC.

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