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Daguang Gao Acquires Maspeth Warehouse From Frank Festa For $4.7M

60-85 Flushing Avenue
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This Industrial property located in NY was sold for $4,700,000 over 2 years ago.

A warehouse located at 60-85 Flushing Avenue in Maspeth, Queens has been sold for $4,700,000. The property has a building square footage (BSF) of 21,929 and a price per building square footage (PPBSF) of $214. The total square footage (SF) of the warehouse is 13,181, with a price per square foot (PPSF) of $357. The lot size is 16,244 square feet, with dimensions of 80 ft x 107 ft. The property is zoned as R5B and C1-3.

Summary of transation details

  • Property Type: Warehouse
  • Transaction Amount: $4,700,000
  • Market: Maspeth, Queens
  • Zoning: R5B, C1-3
  • BSF: 21,929
  • PPBSF: $214
  • SF: 13,181
  • PPSF: $357
  • Lot Size: 16,244
  • Lot Dimension: 80 ft x 107 ft

The buyer of the property is Daguang Gao, while the seller is Frank Festa.

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Deals
  • Location
    60-85 Flushing Avenue, Queens, New York 11378, United States60-85 Flushing Avenue, Queens, New York 11378, United States
  • Sale Price
    $4,700,000$4,700,000
    $356 PPSF$356 PPSF
  • Area
    13,181 SF13,181 SF
  • Asset Type
    IndustrialIndustrial

Deal Summary

SALE DATE: 11/30/2021 ADDRESS: 60-85 Flushing Avenue MARKET: Maspeth, Queens ASSET TYPE: Warehouse ~ ZONING: R5B, C1-3 BUYER: Daguang Gao SELLER: Frank Festa PRICE: $4,700,000 BSF: 21,929 ~ PPBSF: $214 SF: 13,181 ~ PPSF: $357 FAR: 0.81 TAX CLASS: 4 LOT SIZE: 16,244 LAST SALE PRICE: $0 (4/19/1996) LOT DIMENSION: 80 ft x 107 ft

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