Industrial supply company pays $5.4M for property in Long Island City

Carter, Milchman & Frank through the entity Herbie Jr LLC paid Gusmar Enterprises (through a receiver) $5.4 million for 13-15 37th Avenue in Long Island City. The deal closed on March 16, 2021 and was recorded on March 26, 2021. The transaction consists of 1 parcel, including the tax class garage with two or more stories (G1)The property is 20,100 square feet. The parcel(s) have total development potential of 20,100 square feet.
The average sale price per square foot is $269.

The buyer is an industrial supply company founded in 1924. https://www.cmfconstructionsupplies.com/
Direct link to Acris document. link
The signatory for the buyer was David A. Rechtweg.