Bernard Katz pays $8.1M to Thomas M. Graham for industrial in Middle Village
Bernard Katz through the entity Ygs, Inc. paid $8.1 million to Thomas M. Graham through the entity Glendale Business Park Assoc. LLC for industrial (F9) at 83-24 72nd Drive in Middle Village, Queens.
The deal closed on August 5, 2021 and was recorded on August 27, 2021.
The property has 31,100 square feet of built space and 4,249 square feet of additional air rights for a total buildable of 35,411 square feet according to PincusCo analysis of city data. The sale price per built square foot is $259 and the price per buildable square foot is $227 per the PincusCo analysis. (The price per square foot analysis is the transaction price divided by square feet as reported in public records and assumes no air rights have been sold.)
The owner bought the property on 5-Aug-21, for $8.1 million.
The signatory for Thomas M. Graham was Thomas M. Graham. The signatory for Bernard Katz was Bernard Katz.
Within a 400-foot radius of 83-24 72nd Drive, PincusCo identified one commercial real estate item of interests occurred over the past 24 months.
It was a loan which Broadway Stages borrowed $25.0 million from Investors Bank secured by the 183,535-square-foot, one-unit townhouse (A9) on 83-02 Doran Avenue and one other property on April 20, 2021.
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