LBA Realty Acquires Development Site In Maspeth, Queens For $26M

A development site located at 58-38 47th Street in Maspeth, Queens has been sold. The property was sold by Dino Tomassetti Jr to LBA Realty represented by Steven Layton. The transaction took place on June 9, 2020, for a total price of $26,000,000. The property has a building square footage (BSF) of 179,016. The price per building square footage (PPBSF) is $145.

Summary of transaction details

• Property Type: Development site
• Transaction Amount: $26,000,000
• Address: 58-38 47th Street, Maspeth, Queens
• Buyer: Steven Layton - LBA Realty
• Seller: Dino Tomassetti Jr
• BSF: 179,016
• PPBSF: $145

Steven Layton, representing LBA Realty, was the buyer in this transaction. Dino Tomassetti Jr served as the seller.