RockFarmer Properties And RWN Real Estate Partners Acquire Retail And Office Property In Jackson Heights For $55.9M

The property located at 82-11 37th Avenue in Jackson Heights, New York has been sold for a total price of $55,900,000. This retail and office asset spans across 128,000 square feet, resulting in a price per square foot of $436.

Summary of transaction details

• Property Type: Retail and Office
• Transaction Amount: $55,900,000
• Address: 82-11 37th Avenue, New York
• Market: Jackson Heights
• Square Footage: 128,000
• Price Per Square Foot: $436

The seller of the property was Carlo Cinganelli, while the buyers were RockFarmer Properties and RWN Real Estate Partners. The deal was facilitated by David Krantz and Paul Leibowitz from Savills Studley, who represented RockFarmer Properties, and George Michelis, John Petras, and Ari Shalam from RWN, who represented RWN Real Estate Partners. This partnership between the buyers and their respective brokers played a crucial role in the successful completion of the transaction.