37-80 Review 123 LLC paid $7M to Richard M. Gutierrez, Esq. (As Referee)

37-80 Review 123 LLC paid Richard M. Gutierrez, Esq. (As Referee) $6.7 million for 1 parcel, including the tax class land not zoned residential or Manhattan below 110th Street (V1) at 37-80 Review Avenue in Long Island City. The deal closed on July 11, 2019 and was recorded on July 26, 2019. The parcel(s) have total development potential of 296,800 square feet.
The average sale price per square foot is $45.
The estimated cap rate is 2.9%

Over the past five years, there have been 2 NYC Department of Buildings permit applications filed for this parcel. There were 2 renovation/alteration projects (A2) applied for with a total estimated value of $137,800.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link
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