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Tom Yim Acquires Two-Story Industrial Warehouse In Long Island City For $5.1M

43-05 35th Street
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This Office property located in NY was sold almost 6 years ago. The brokers of the deal were Stephen R. Preuss Sr. and Andreas Efthymiou

A two-story industrial warehouse with office/mezzanine space in Long Island City, Queens has been sold for a record price of $5,100,000. The property, located at 43-05 35th Street, spans 9,700 square feet and is zoned as M1-4. This transaction marks a significant milestone in the Queens industrial market, with a price per square foot of $526, setting a new record.

Summary of transaction details:

  • Property Type: Two-Story Industrial Warehouse with Office/Mezzanine Space
  • Transaction Amount: $5,100,000
  • Address: 43-05 35th Street, New York
  • City: Long Island City, Queens
  • Market: Long Island City, Queens
  • Square Footage: 9,700 sf
  • Price Per Square Foot: $526
  • Zoning: M1-4

The seller in this transaction was Mike Bell, while the buyer was Tom Yim. The deal was facilitated by Cushman & Wakefield, with Stephen R. Preuss and Andreas Efthymiou representing the parties involved.

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Deals
  • Location
    28-43 35th St, Long Island City, NY 11103, USA28-43 35th St, Long Island City, NY 11103, USA
  • Area
    97,000 SF97,000 SF
  • Asset Type
    OfficeOffice
  • Parties
    2 Brokers, 1 Agency2 Brokers, 1 Agency

Agents

Andreas Efthymiou

Andreas Efthymiou

Deals84
Financed$692.7M

Stephen R. Preuss Sr.

Stephen R. Preuss Sr.

Deals179
Financed$1.3B

Agency

Ripco

Ripco

Agency
Deals629
Volume$4.2B

Deal Summary

IMAGE: Stephen R. Preuss and Andreas Efthymiou DATE: 06/14/2018 ADDRESS: 43-05 35th Street CITY: New York MARKET: Long Island City, Queens ASSET TYPE: Two-Story Industrial Warehouse with Office/Mezzanine Space PRICE: $5,100,000 SF: 9,700 sf PPSF: $526 – Record pricing for Queens/Industrial ZONING: M1-4 SELLER: Mike Bell BUYER: Tom Yim BROKERS: Cushman & Wakefield – Stephen […]

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43-05 35th Street

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