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Investor to Convert Queens Office to Medical Space

Group Sells 7,200-SF Property on Woodhaven for $1.75M
By John Smith
April 9, 2007 | 9:19 P.M.

A Rego Park investor, Giacomo Jack Accardi Jr. of Woodhaven Boulevard LLC, sold a professional building at 65-55 Woodhaven Blvd. to Brookville investor, Yan Moshe of 65-55 Woodhaven Realty LLC, for $1.75 million, or approximately $486 per square foot. This transaction equates to a 6% capitalization rate for the seller and approximately 7% for the buyer. The building includes: a cellar, loading dock, 12 parking spaces, 500 square feet of an enclosed storage space in the parking lot and the office space has been remodeled. The property has 4,800 square feet of air rights.

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News | Investor to Convert Queens Office to Medical Space