Li Li, Hang Dong Zhang pay $6.8M to Styliani Moustakas for mixed-use building in Flushing

Li Li and Hang Dong Zhang through the entity B Square Sunnyside Realty LLC paid $6.8 million to Styliani Moustakas through the entity Cepps Realty, Ltd for mixed-use building (K2) at 136-55 37th Avenue in Flushing, Queens.
The deal closed on June 8, 2021 and was recorded on June 23, 2021.
The property has 6,400 square feet of built space and 1,376 square feet of additional air rights for a total buildable of 7,776 square feet according to PincusCo analysis of city data. The sale price per built square foot is $1,054 and the price per buildable square foot is $868 per the PincusCo analysis.
The signatory for Styliani Moustakas was Styliani Moustakas. The signatory for Li Li and Hang Dong Zhang was Li Li and Hang Dong Zhang.
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 $54,600.
The contract date was December 30, 2020.
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