Kalico Group Acquires Development Site In Jamaica, Queens For $690,000

The development site located at 121-06 Merrill St. in Jamaica, Queens, has been sold in a closed transaction. The property was purchased for a sale price of $690,000. Spanning across the site is a buildable square footage (BSF) of 5,760. The price per buildable square footage (PPBSF) stands at $120.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $690,000

Kalico Group, led by Joseph Kalimian, has acquired the development site from The Northeastern Conference of Seventh-day Adventists. Representing the buyer in the deal is Alexander Taic and Matthew Gillis, who are associated with ArielPA.NYC.