Heller family sells Woodside commercial property for $13M

The entity Roosevelt Woodside LLC paid the Heller family $13.0 million for 63-01 Roosevelt Avenue in Queens. The deal closed on October 29, 2019, and was recorded on November 29, 2019. The transaction consists of 1 parcel, including the tax class two-story or store and office (K2). The property is 18,265 square feet. The parcel(s) have total development potential of 38,918 square feet.
The average sale price per square foot is $334.
The estimated cap rate is 3.2%

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