Five Star Electric pays $11M to Dynamic Star for property in Ozone Park

Five Star Electric through the entity Five Star Electric Corp. paid Gary Segal’s Dynamic Star’s Eaj Management LLC $11.0 million for 101-32 101st Street and 100 STREET 101-49 in Ozone Park. The deal closed on December 18, 2020 and was recorded on January 12, 2021. The transaction consists of 2 parcels, including the tax class office building with two to six stories (O2)The properties have a total of 27,411 square feet of built space.
The average sale price per square foot is $228.

The contract date was December 1, 2020.
Over the past five years, there have been 2 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 2 renovation/alteration projects (A2) applied for with a total estimated value of $96,000.

Direct link to Acris document. link
The signatory for the buyer was Robert J. Saville.

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