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TRADED: Miguel Saco and Daughters LLC buys 3950 Crescent Street fomr 3950 BM LLC and others for $5,100,000

Miguel Saco and Daughters LLC purchased 3950 Crescent Street in Long Island City, Queens. This is a 2F4 building. It spans 10,000 square feet. The seller was 3950 BM LLC and others. The transaction cost $5,100,000. The trade occurred November 27th 2017.

3950 CRESCENT ST, 11101 (Long Island City)
Block-395 Lot-40
building class:2F4-Factory; Industrial Semi-fireproof

Transfer Tax: $20,400.00 Sales Price: $5,100,000 (Prior Sales Price: $1,600,000; Date: 09-05-03)
CRFN: 2017000432898 Sale Date: 11-02-17 Recorded: 11-27-17
Loan: $1,020,000 Lender: NYBDC LOCAL DEVELOPMENT CORPORATION addr:50 BEAVER STREET 5TH FLOOR (P.O. BOX 738)
ALBANY NY 12201
also: $1,045,000 Lender::EMPIRE STATE CERTIFIED DEVELOPMENT CORPORATION addr: 50 BEAVER STREET P.O. BOX 738
ALBANY NY 12201
Property Values Assessed Taxable Market Tax Basis
Land $51,750 $51,750 $115,000 Final 16-17
Total $435,383 $435,383 $1,197,000

Estimated Property Tax Prior To Transfer: $46,037 Tax Class: 4
Lot Size: 50×100; 5,000 sq ft, Building Size: 50×100; 10,000 sq ft 2 stories, 2 units, built 1940

Buyer:
MIGUEL SACO & DAUGHTERS LLC
MIGUEL SACO
c/o STEPHENS LAW FIRM
15 MT EBO DRIVE SOUTH, SUITE 271, PO BOX 408
Brewster, NY 10509

Seller:
3950 BM LLC and others
BORIS MANTELL
118 IRWIN STREET
Brooklyn, NY 11235