Whitestone Construction pays $3M for industrial in Woodside

Whitestone Construction through the entity 50-54 49th Street Realty LLC paid $3.0 million to Hagop ‘Jack’ Keheian for industrial (E1) at 50-54 49th Street in Woodside, Queens.
The deal closed on August 10, 2021 and was recorded on August 23, 2021.
The property has 4,500 square feet of built space and 237 square feet of additional air rights for a total buildable of 4,740 square feet according to PincusCo analysis of city data. The sale price per built square foot is $677 and the price per buildable square foot is $643 per the PincusCo analysis. (The price per square foot analysis is the transaction price divided by square feet as reported in public records and assumes no air rights have been sold.)

The signatory for Hagop ‘Jack’ Keheian was Hagop ‘Jack’ Keheian. The signatory for Whitestone Construction was Steven Grzic.

The contract date was July 8, 2021. Steven Grzic is an executive with Whitestone Construction Corp.

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