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Kingston Investors Corp Acquires Long Island City Dev Site For $5.25M

43-01 39th Street
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This Development Site property located in NY was sold for $5,250,000 over 4 years ago. The brokers of the deal were Harry Zikos and William (Will) Diana

An industrial development site located at 43-01 39th Street in Long Island City has been sold for $5,250,000. The property, which spans 12,500 square feet, consists of five industrial spaces. The asking price for the site was $5,995,000, resulting in a sale price of $420 per square foot.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $5,250,000
  • Address: 43-01 39th Street, Long Island City
  • Market: Long Island City
  • Square Footage: 12,500
  • Asking Price: $5,995,000
  • Price per Square Foot: $420
  • Units: 5 Industrial Spaces

The seller of the property was Vladimir Basin and Mamed Dzhaniyev. The buyer, Bill Harrigan, represented Kingston Investors Corp in the transaction. @HarryZikosNY and @NestSeekers acted as the seller's representatives, while @WillDiana_ served as the buyer's representative.

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Deals
  • Location
    43-01 39th St, Long Island City, NY 11104, USA43-01 39th St, Long Island City, NY 11104, USA
  • Sale Price
    $5,250,000$5,250,000
    $42 PPSF$42 PPSF
  • Area
    125,000 SF125,000 SF
  • Asset Type
    Development SiteDevelopment Site
  • Parties
    2 Brokers, 2 Agencies2 Brokers, 2 Agencies

Agents

Harry Zikos

Harry Zikos

Deals4
Sold$12.9M

Agencies

Oxford Property Group

Oxford Property Group

Agency
Deals23
Volume$58.2M

Cushman & Wakefield

Cushman & Wakefield

Agency
Deals4190
Volume$167B

Deal Summary

IMAGE: Harry Zikos, William Diana DATE: 12/23/2019 ADDRESS: 43-01 39th Street MARKET: Long Island City ASSET TYPE: Dev Site ASKING PRICE: $5,995,000 SALE PRICE: $5,250,000 SF: 12,500 PPSF: $420 UNITS: 5 Industrial Spaces PPU: $1,050,000 SELLER: Vladimir Basin & Mamed Dzhaniyev BUYER: Bill Harrigan – Kingston Investors Corp SELLER’S REP: @HarryZikosNY @NestSeekers BUYER’S REP: @WillDiana_ […]

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43-01 39th Street

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