Medkon 27,LLC paid S & D Realty Of NY, Inc. $5.4 million for 1 parcel, including the tax class professional-type office building (O7) at 26-19 Francis Lewis Blvd in Flushing. The deal closed on June 27, 2019 and was recorded on July 29, 2019. The parcel(s) have total development potential of 8,350 square feet.
The average sale price per square foot is $647.
The estimated cap rate is 2.7%
The DOB issued a major alteration (A1) initial temporary certificate of occupancy for the building on July 17, 2014.