Chang Bao Acquires Astoria Development Site For $2.6M

A development site located at 31-49,51,53 14th street in Astoria has been sold in a closed transaction. The property, with a total square footage of 10,818 and a price per square foot of $243, was listed with an asking price of $2,999,000. The final sale price for the site was $2,625,000.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $2,625,000
• Address: 31-49,51,53 14th street, Astoria
• Market: Astoria

The seller of the property was Sergio Maccarrone, while the buyer was Chang Bao. Representing the deal were brokers Jeremy Ruiz and Gregory Kyroglou from ModernSpaces.