Cohen Family Acquires Development Site At 105-09 Merrick Boulevard From Miller Family For $3.47M

The property asset involved in this transaction is a development site located at 105-09 Merrick Boulevard in Jamaica. The sale price for this asset was $3,467,500. It boasts a building size of 12,500 square feet, resulting in a price per square foot of $277. The total buildable square footage for the site is 55,000, with a price per buildable square foot of $63.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $3,467,500
• Address: 105-09 Merrick Boulevard
• Market: Jamaica
• Building Size: 12,500 SF
• Buildable Square Footage: 55,000 BSF
• Price per Square Foot: $277
• Price per Buildable Square Foot: $63
• Buyer: Cohen Family
• Seller: Miller Family
• Brokers: Kevin Schmitz, Stephen R. Preuss Sr., Kevin Louie & Andreas Efthymiou - Ripco

The key individuals involved in this transaction include the buyer, Cohen Family, and the seller, Miller Family. The transaction was facilitated by brokers Kevin Schmitz, Stephen R. Preuss Sr., Kevin Louie, and Andreas Efthymiou, all representing Ripco in the deal.