One Stop Properties paid $16M to Review-Railroad Realty

One Stop Properties through the entity Review Holdings, LLC paid Review-Railroad Realty $16.3 million for 1 parcel, including the tax class miscellaneous office building (O9) at 37-30 Review Avenue in Long Island City. The deal closed on July 16, 2019 and was recorded on July 30, 2019. The parcel(s) have total development potential of 446,290 square feet.
The average sale price per square foot is $68.
The estimated cap rate is 2.5%

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link