Madbury Capital pays $5M to Alexander Xenopoulos for industrial property in Long Island City

Madbury Capital through the entity Borden Sum LLC paid Alexander Xenopoulos’s XS Realty Company LLC $4.6 million for 11-24 Borden Avenue in Long Island City. The deal closed on May 7, 2020, and was recorded on May 14, 2020. The transaction consists of 1 parcel, including the tax class heavy manufacturing, fireproof building (F1). The property is 7,500 square feet. The parcel(s) have total development potential of 19,431 square feet.
The average sale price per square foot is $237.

Madbury Capital, founded by Barrett Bilotta, Eamonn Healy and Ken Rubin, is a renewable energy and student-housing investment firm based in Massachusetts.

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