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

Property Image
SOLD
$690,000
Matthew (Matt) Gillis
Alexander Taic

California

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Development Site57,600 SF
Sold 05/13/2020
the dealplayerscompscontact
Property Image
SOLD

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

121 06 Merrill St, Jamaica, Ny 11434, Usa

See Similar Deals
Development Site57,600 SF
Sold 05/13/2020
Matthew (Matt) Gillis
Alexander Taic
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Development Site
Price Per Square Foot:$12
Total Square Footage:57,600 SF
Transaction Type:Sale

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.

Players

Alexander Taic
Ariel Property Advisors
Alexander Taic
20 deals$119.2M volume
BROKER
Matthew (Matt) Gillis
Ariel Property Advisors
Matthew Gillis
25 deals$295M volume
BROKER
NA
Northeastern Conference of Seventh-day Adventists
SELLER

Details

SOLD
IMAGE: Alexander Taic & @MatthewLGillis DATE: 05/13/2020 ADDRESS: 121-06 Merrill St. MARKET: Jamaica, Queens ASSET TYPE: Development Site SALE PRICE: $690,000 BSF: 5,760 PPBSF: $120 SELLER: The Northeastern Conference of Seventh-day Adventists BUYER: Kalico Group – Joseph Kalimian BROKERS: Alexander Taic & Matthew Gillis @ArielPA.NYC

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