The seller was represented in the transaction by attorney Jeffrey Randall Karp, a private practitioner affiliated with Eastern Consolidated Properties Inc. The purchaser was represented by partners Barry E. Shimkin and Steven V. Campo of Greenberg Traurig LLP. Charles L. Goldenberg served as consultant for the transaction.

In other recent sales, Eastern sold 76-18 69th Place also known as "The Glendale" in Glendale, Queens for $4.1 million. The five-story commercial building comprising 55,000 sf has 12-foot ceilings through-out, and will be delivered vacant. Originally built as a Textile Factory in the early 1900's, the building is constructed of heavy-duty post and beam construction with a 150-pound live load floor capacity.

Mitch Perl, senior director at Eastern, procured the buyer, investment clients of the firm and Jeffrey Troy, senior director and Paul Nigido, an Eastern analyst represented the seller, David Rabinowitz of Red Oak Glendale LLC.