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Steve Donadic Acquires Industrial Building In Sunnyside, Queens For $7.5M

38-16 48th Avenue
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This Industrial property located in NY was sold for $7,500,000 almost 2 years ago.

An industrial building located at 38-16 48th Avenue in Sunnyside, Queens, was recently sold in a transaction that closed on June 10, 2022. The property, which is zoned as M1-1, features a total building size of 14,000 square feet. The sale price for the property was $7,500,000, resulting in a purchase price per square foot of $535. The lot size is 14,000 square feet, with dimensions measuring 140 feet by 100 feet. The property has a floor area ratio (FAR) of 0.91 and is classified as tax class 4.

Summary of transaction details

  • Property Type: Industrial Building
  • Transaction Amount: $7,500,000
  • Market: Sunnyside, Queens
  • Buyer: Steve Donadic
  • Seller: Daniel Racan
  • Price per Square Foot: $535
  • Building Square Feet: 14,000
  • Lot Size: 14,000 square feet
  • Permits: Alteration 2 (01/11/2006)
  • Lot Dimension: 140 ft x 100 ft

The buyer of the property is Steve Donadic, while the seller is Daniel Racan. The transaction also involved an alteration permit issued on January 11, 2006. The deal was brokered by 's REP on behalf of the buyer and seller.

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Deals
  • Location
    38-16 48th Avenue, Queens, New York 11101, United States38-16 48th Avenue, Queens, New York 11101, United States
  • Sale Price
    $7,500,000$7,500,000
    $588 PPSF$588 PPSF
  • Area
    12,740 SF12,740 SF
  • Asset Type
    IndustrialIndustrial

Deal Summary

SALE DATE: 06/10/2022 ADDRESS: 38-16 48th Avenue MARKET: Sunnyside, Queens ASSET TYPE: Industrial Building ~ ZONING: M1-1 BUYER: Steve Donadic SELLER: Daniel Racan PRICE: $7,500,000 BSF: 14,000 ~ PPBSF: $535 SF: 12,740 ~ PPSF: $588 FAR: 0.91 TAX CLASS: 4 LOT SIZE: 14,000 PERMITS: Alteration 2 (01/11/2006) LOT DIMENSION: 140 ft x 100 ft

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