Gui Ying Hong through the entity S S & Hong LLC paid $4.2 million to George Georgakopoulos through the entity Space Blue Properties, LLC for industrial (E1) at 167-43 Porter Road in Brookville, Queens.
The deal closed on December 1, 2021 and was recorded on January 5, 2022.
The property has 11,200 square feet of built space according to PincusCo analysis of city data. The sale price per built square foot is $370 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 seller bought the property on November 30, 2010, for $1.3 million.
The signatory for George Georgakopoulos was George Georgakopoulos. The signatory for Gui Ying Hong was Gui Ying Hong.
Within a 400-foot radius of 167-43 Porter Road, Pincusco identified one commercial real estate item of interests occurred over the past 24 months.
It was a loan which Seagis Property Group borrowed $38 million from JPMorgan Chase secured by the seven-unit industrial (E1) on 147-48 175th Street and 15 other properties on July 17, 2020.
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