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Kevin Zhang Acquires Industrial Property In Ridgewood Queens For $25M

75 Onderdonk Avenue
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This Industrial property located in NY was sold for $25,000,000 over 2 years ago. The brokers of the deal were Thomas (Tom) Donovan, Robert Rappa, and Brian Jaffe

The industrial property located at 75 Onderdonk Avenue in Ridgewood, Queens was recently sold for a total of $25,000,000. This transaction took place on July 19, 2021. The property offers approximately 66,000 square feet of space, resulting in a price per square foot of $378. The buyer of the property was Kevin Zhang, while Richard Staiano acted as the seller.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $25,000,000
  • Address: 75 Onderdonk Avenue
  • Market: Ridgewood, Queens
  • Buyer: Kevin Zhang
  • Seller: Richard Staiano
  • Buyer's Representative: Brian Jaffe - Jaffe Realty
  • Seller's Representatives: Thomas A. Donovan & Robert Rappa - B6 Real Estate Advisors

The deal was facilitated by Brian Jaffe from Jaffe Realty, who represented the buyer, Kevin Zhang. On the other hand, Thomas A. Donovan and Robert Rappa from B6 Real Estate Advisors served as the seller's representatives in this transaction.

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Deals
  • Location
    75 Onderdonk Avenue, Ridgewood, Queens County, NY, USA75 Onderdonk Avenue, Ridgewood, Queens County, NY, USA
  • Sale Price
    $25,000,000$25,000,000
    $378 PPSF$378 PPSF
  • Area
    66,000 SF66,000 SF
  • Asset Type
    IndustrialIndustrial
  • Parties
    3 Brokers, 1 Agency3 Brokers, 1 Agency

Agents

Thomas (Tom) Donovan

Thomas (Tom) Donovan

Deals37
Sold$448.1M

Brian Jaffe

Brian Jaffe

Deals7
Sold$67.7M

Agency

B6 Real Estate Advisors

B6 Real Estate Advisors

Agency
Deals208
Volume$2.3B

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Deal Summary

SALE IMAGE: Thomas A. Donovan, Robert Rappa & Brian Jaffe DATE: 07/19/2021 ADDRESS: 75 Onderdonk Avenue MARKET: Ridgewood, Queens ASSET TYPE: Industrial BUYER: Kevin Zhang SELLER: Richard Staiano BUYER’S REP: Brian Jaffe - Jaffe Realty (@Jaffe.Realty) SELLER’S REP: Thomas A. Donovan & Robert Rappa (@BobTheBroker_B6) (@TeamDonovan_NYC) - B6 Real Estate Advisors (@B6RealEstate) SALE PRICE: $25,000,000 SF: 66,000 ~ PPSF: $378

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