Shaul Pulka pays $7M for industrial property in Long Island City

Shaul Pulka through the entity Orkat Realty Ltd. paid 3344 Ninth Street LLC $6.5 million for 33-44 9th Street in Long Island City. The deal closed on November 5, 2019, and was recorded on November 14, 2019. The transaction consists of 1 parcel, including the tax class fireproof warehouse (E1). The property is 14,000 square feet. The parcel(s) have total development potential of 15,625 square feet.
The average sale price per square foot is $416.
The estimated cap rate is 2.0%

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

Correction: An individual associated with the seller in transfer docs said the information was not correct, and so the name was removed.