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Chen Family Acquires Development Site In Long Island City For $13.3M

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SOLD
$13,300,000

Florida

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Development Site71,000 SF
Sold 08/27/2019
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SOLD

Chen Family Acquires Development Site In Long Island City For $13.3M

37 29 31st St, Long Island City, Ny 11101, Usa

See Similar Deals
Development Site71,000 SF
Sold 08/27/2019
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Development Site
Price Per Square Foot:$187
Total Square Footage:71,000 SF
Transaction Type:Sale

The development site located at 37-29 31st Street in Long Island City has been sold for a total of $13,300,000. The property, which is a development site, spans over 71,000 square feet and is situated in the bustling market of Long Island City.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $13,300,000
  • Address: 37-29 31st Street
  • Market: Long Island City

The seller of the property was William Achenbaum, while the buyer was the Chen Family. The transaction was facilitated by the broker Mo Ibrahim. Notably, the sale price of the property was $13,300,000, with a price per buildable square foot (PPBSF) of $187. The development site has approved plans for the construction of 74 apartments, with retail space located on the ground level.

Players

Mo Ibrahim
Mo Ibrahim
4 deals$17.9M volume
BROKER
T
Trust
BUYER

Details

SOLD
IMAGE: Mo Ibrahim DATE: 08/27/2019 ADDRESS: 37-29 31st Street MARKET: Long Island City ASSET TYPE: Development Site SELLER: William Achenbaum BUYER: Chen Family BROKER: Mo Ibrahim SALE PRICE: $13,300,000 BSF: 71,000 PPBSF: $187 NOTE: Approved plans call for 74 apartments with retail on ground level.

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