Yu Liu Acquires Development Site In Hunters Point For $15.5M

A development site located at 27-20 42 Road in Hunters Point has been sold for $15,500,000. The site spans a lot size of 100 ft x 69 ft and has a total buildable square footage (BSF) of 58,580. The price per buildable square footage (PPBSF) is $264. The property is zoned as M1-5/R7-3 in the LIC area. The transaction took place on August 28, 2020, with Yu Liu purchasing the site from Rudolph Robinson. The architect associated with the project is @IsmaelLeyvaArch.

Summary of Transaction Details

• Property Type: Development Site
• Transaction Amount: $15,500,000
• Buyer: Yu Liu
• Seller: Rudolph Robinson
• Units: 51
• Zoning: M1-5/R7-3, LIC
• Tax Class: 4
• Lot Size: 100 ft x 69 ft
• Architect: @IsmaelLeyvaArch

Yu Liu, as the buyer, acquired the development site from Rudolph Robinson. The deal involved 51 units and the property is classified under tax class 4. The zoning of the site is M1-5/R7-3 in the LIC area. The transaction was completed on August 28, 2020. The architect chosen for the project is @IsmaelLeyvaArch.