Constantine Papamichael pays $2.5M for retail properties in Astoria

Constantine Papamichael through the entity 41-12/14 Broadway LLC paid Mary Jane Klis Living Trust $2.5 million for 41-12 Broadway, 41-14 Broadway in Astoria. The deal closed on May 6, 2020, and was recorded on May 7, 2020. The transaction consists of 2 parcels, including the tax class retail building with apartments above (K4) and containing 3 residential units. The parcel(s) have total development potential of 10,000 square feet.
The average sale price per square foot is $250.

This property has been in the same family since 1958. The sale went into contract December 11, 2019.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link