Kingston Investors Corp Acquires Long Island City Dev Site For $5.25M

An industrial development site located at 43-01 39th Street in Long Island City has been sold for $5,250,000. The property, which spans 12,500 square feet, consists of five industrial spaces. The asking price for the site was $5,995,000, resulting in a sale price of $420 per square foot.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $5,250,000
• Address: 43-01 39th Street, Long Island City
• Market: Long Island City
• Square Footage: 12,500
• Asking Price: $5,995,000
• Price per Square Foot: $420
• Units: 5 Industrial Spaces

The seller of the property was Vladimir Basin and Mamed Dzhaniyev. The buyer, Bill Harrigan, represented Kingston Investors Corp in the transaction. @HarryZikosNY and @NestSeekers acted as the seller's representatives, while @WillDiana_ served as the buyer's representative.