SOLD
Michael D. Shanabrook Acquires Long Island City Development Site For $8M
38-17 23rd Street & 38-18 24th Street
Development Site
79,820 SF
79,820 SF
Sold 228 days ago
Summary
Sale
NEW JERSEY
Development Site
79,820 sqft
The entity 38-17 23rd St LLC has acquired a development site with 118,800 square feet of buildable space at 38-17 23rd Street and 38-18 24th Street in Long Island City, Queens. The property was sold by Sae Kwon Kim's entity Eastern Koex Realty Corp for a total price of $8 million. The sale represents a price per buildable square foot (PPBSF) of $67 and a price per square foot (PPSF) of $401. The property is located in Long Island City, Queens, which is a thriving market for real estate.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $8,000,000
- Square Footage: 118,800
- Address: 38-17 23rd Street & 38-18 24th Street
- Market: Long Island City, Queens
The buyer of the property is Michael D. Shanabrook's company, 38-17 23rd St LLC. The seller of the property is Sae Kwon Kim. This transaction marks a significant acquisition of a development site in Long Island City, Queens, showcasing the ongoing real estate activity in the area.
Details
SOLD
IMAGE: Michael D. Shanabrook
DATE: 09/08/2023
ADDRESS: 38-17 23rd Street & 38-18 24th Street
MARKET: Long Island City, Queens
ASSET TYPE: Development Site
BUYER: Michael D. Shanabrook - 38-17 23rd St LLC
SELLER: Sae Kwon Kim
SALE PRICE: $8,000,000
BSF: 118,800 ~ PPBSF: $67
SF: 19,955 ~ PPSF: $401
NOTE: The entity 38-17 23rd St LLC has acquired a development site with 118,800 square feet of buildable space at 38-17 23rd Street and 38-18 24th Street in Long Island City, Queens, from Sae Kwon Kim's entity Eastern Koex Realty Corp for $8 million.View on map
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Address38-17 23rd Street & 38-18 24th Street
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