Kevin Gray pays $17.5M to Infinity Collective for new medical building in Ridgewood

Kevin Gray through the entity Traditional Casket Corp. paid $17.5 million to Infinity Collective through the entity Infinity 55-01 Myrtle Ave LLC for a newly built commercial building at 55-03 Myrtle Avenue in Ridgewood, Queens.
The deal closed on April 19, 2021 and was recorded on May 14, 2021.
The property has 17,031 square feet of built space and 16,620 square feet of additional air rights for a total buildable of 16,620 square feet according to PincusCo analysis of city data. The sale price per built square foot is $1,027 per the PincusCo analysis.
Infinity bought the property on 28-Nov-12, for $1.6 million.
The signatory for Infinity Collective was Steven J. Kassin. The signatory for Kevin D. Gray was Carrie C. Aducci.
(421640825)The DOB issued a new construction (NB) initial temporary certificate of occupancy for the building on July 28, 2020. (421640825) Plans for a 0-unit, 16,876 square-foot B were filed on May 29, 2018.
Steven Kassin is co-founder and principal of the Infinity Group.  Steven Kassin, Michael Gershman, and Daniel Gluck of Infinity Collective. JLL’s Steven Rutman and Ethan Stanton brokered the deal, according to TradedNY.

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