Michael Ferrara, Managing Principal of Brax Realty and Cole Kinney Leonhardt, Investment Sales Associate of Brax Realty is pleased to announce the closing of 23-17 41st Avenue in Long Island City for $10,370,000. The property was situated on the northwest corner of 41st Avenue and 24th Street and located just one block north of the Queensboro Bridge. The property had a lot size of 10,000 SF with 200’ of wraparound frontage and with a M1-2/R6A, LIC allows a total buildable of 40,080 SF. The property is an existing 2-story warehouse that was in shell condition and the buyer plans to develop a residential building on the corner site. Ferrara and Kinney Leonhardt represented the seller, a long term private owner and also procured the buyer, Jasper Wu. This was the first time that this site has traded hands since 1979 – over 43 years.