Wildflower Acquires Development Site In Queens, Astoria For $73M From Seller Steinway Street

The development site located at 87 19th Avenue in Queens, Astoria has been sold in a closed transaction. The property, a development site, was purchased for a total price of $73,000,000. The site is expected to be transformed into a 500,000 square foot film studio.

Summary of transaction details:

• Property Type: Development site
• Transaction Amount: $73,000,000
• Address: 87 19th Avenue, Queens, Astoria
• Market: Queens, Astoria
• Plans: 500,000 square foot film studio

The deal involved several key individuals and companies. The buyer, Wildflower, was represented by Matt Dicker, Adam Gordon, Robert & Raphael DeNiro of the DeNiro Team. The seller was Steinway Street. The brokers involved in this transaction were Dustin Stolly and Jordy Roeschlaub of Newmark Knight Frank.

Note: Dustin and Jordan have been tapped for their expertise in facilitating this deal.