Steve Panos Acquires Maspeth Warehouse From Lewis Gantman For $132M
50-35 56 Road
Industrial
140,000 SF
140,000 SF
Sold 1 year ago
Summary
A warehouse in Maspeth, Queens has been sold for a price of $132,000,000. The property, located at 50-35 56 Road, is zoned as M1-1 and has a total square footage of 140,000. The building has a buildable square footage (BSF) of 224,865, resulting in a price per buildable square footage (PPBSF) of $587. The price per square footage (PPSF) stands at $943. The lot size is 224,865, with dimensions of 866 ft x 300 ft. The property falls under tax class 4 and boasts a floor area ratio (FAR) of 0.62.
Summary of transaction details
- Property Type: Warehouse
- Transaction Amount: $132,000,000
- Market: Maspeth, Queens
- Address: 50-35 56 Road
- Zoning: M1-1
- BSF: 224,865
- PPBSF: $587
- SF: 140,000
- PPSF: $943
- FAR: 0.62
- Tax Class: 4
- Lot Size: 224,865
- Lot Dimension: 866 ft x 300 ft
The buyer, Steve Panos, acquired the property from the seller, Lewis Gantman. The previous sale of the property took place on June 29, 2006, for a price of $13,500,000.
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50-35 56 Road
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