Queens, NY Long Island City developer Shahram Nassi has closed on the sale of a vacant warehouse located at 47-33 5th St. Nassi, who has a large portfolio in Long Island City including condo projects and rentals located at 47-05 5th St. and 47-27 5th St. and 5-18 and 5-20 51st Ave., bought this property for $12.15 million. 

The seller was Kyu Heung Park, president of Eunhasu Corporation. The overbuilt property is comprised of 22,740 s/f. Michael Saidian of Capital Property Partners represented the buyer and seller.