SOLD
John Silviano Acquires Office Building In LIC For $4.5M From Meng Hua Wang
11-11 40 Avenue
Office
15,000 SF
15,000 SF
Sold 1 year ago
Summary
Sale
NEW YORK
Office
15,000 sqft
An office property located at 11-11 40 Avenue in Long Island City, with a total square footage of 15,000, has been sold. The transaction took place on November 12, 2021, and the property was sold for a price of $4,500,000. The building has a buildable square footage (BSF) of 37,500, resulting in a price per buildable square footage (PPBSF) of $120. The price per square foot (PPSF) for the property is $300. The property is zoned M1-3, allowing for office use.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $4,500,000
- Market: Long Island City
- Zoning: M1-3
The buyer of the property is John Silviano, and the seller is Meng Hua Wang.
The property has a floor area ratio (FAR) of 2.00 and is classified under tax class 4. The lot size is 7,500 square feet, with dimensions of 74 feet by 100 feet. An alteration permit was issued on October 26, 2021.
Details
SOLD
IMAGE: 11/12/2021
ADDRESS: 11-11 40 Avenue
MARKET: LIC
ASSET TYPE: Office ~ ZONING: M1-3
BUYER: John Silviano
SELLER: Meng Hua Wang
PRICE: $4,500,000
BSF: 37,500 ~ PPBSF: $120
SF: 15,000 ~ PPSF: $300
FAR: 2.00
TAX CLASS: 4
LOT SIZE: 7,500
PERMITS: Alteration 1 (10/26/2021)
LOT DIMENSION: 74 ft x 100 ftView on map
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Address11-11 40 Avenue
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