Maier Kovitz Acquires Development Site In Long Island City For $3.9M

A development site located at 37-25 32nd Street in Long Island City, Queens has been sold for $3,900,000. The property has a buildable square footage (BSF) of 14,225, resulting in a price per buildable square foot (PPBSF) of $274.

Summary of transation details

• Property Type: Development Site
• Transaction Amount: $3,900,000
• Address: 37-25 32nd Street, Long Island City, Queens
• Market: Long Island City, Queens
• Buyer: Maier Kovitz
• Seller: Paul Conway
• Brokers: Stephen R. Preuss Sr., Andreas Efthymiou, Kevin Schmitz, & Kevin Louie - Ripco

The deal was facilitated by Stephen R. Preuss Sr., Andreas Efthymiou, Kevin Schmitz, and Kevin Louie, who represented both the buyer, Maier Kovitz, and the seller, Paul Conway, in the transaction.