Isak of Goldenwood Property Advisors brokers $5 million sale

Rubin Isak, Goldenwood Property Advisors

Queens, NY Rubin Isak, president of Goldenwood Property Advisors, Inc., has exclusively sold 2137-2139 31^st St. in the Astoria neighborhood.

The single-story retail building traded for $5 million in an all cash transaction. The subject property is currently occupied by three retail stores. The property has 4,750 s/f above grade with 50 ft. of frontage on 31^st St. between 21^st Ave. and Ditmars Blvd. in the Ditmars/Steinway area. 2137-2139 31^st St. is situated in a C1-3/R6A zoning area, which gives the site 9,500 s/f of air rights or 14,250 buildable s/f for a possible future mixed-use development.

The sales price equates to $1,052.63 s/f, or $350.88 buildable s/f. The seller, who built the building in the 1960s, owned the building for almost 60 years. 18 RFC Astoria, LLC is the buyer.

The purchasers’ counsel was Evangelos Mihos, Esq. of Great Neck. The sellers counsel was Jerem  O’Sullivan, Esq., of Farmingville. Isak was the sole broker.

2137-2139 31st Street - Queens, NY