Ariel Property Advisors Facilitates $11.2M Sale Of Multifamily Property In Long Island City, Queens

A multifamily property located at 32-04 38th Avenue in Long Island City, Queens has been sold for a total of $11,244,000. The property consists of 21 units with an approximate price per unit of $535,428. It spans a total area of 21,077 square feet, resulting in a price per square foot of $533.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $11,244,000
• Units: 21
• Price Per Unit: $535,428
• Square Footage: 21,077
• Price Per Square Foot: $533
• Address: 32-04 38th Avenue, Long Island City, Queens
• Market: Long Island City, Queens
• Brokers: Alexander Taic & Victor Sozio - Ariel Property Advisors

Alexander Taic and Victor Sozio from Ariel Property Advisors represented the involved parties in this transaction.