Vassilios Kontsantas Acquires Astoria Development Site For $4.75M

A development site located at 11-32 31st Drive in Astoria, with a zoning classification of R7A, has been sold in a closed transaction. The property was acquired by Vassilios Kontsantas from the seller Mark Bratkovsky. The transaction was facilitated by brokers Stephen R. Preuss Sr. and Andreas Efthymiou. The sale price for the property was $4,750,000. The site has a building square footage (BSF) of 28,500 and a price per building square footage (PPBSF) of $193.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $4,750,000
• Address: 11-32 31st Drive, Astoria
• Market: Astoria
• Zoning: R7A
• Buyer: Vassilios Kontsantas
• Seller: Mark Bratkovsky
• Brokers: Stephen R. Preuss Sr. & Andreas Efthymiou
• BSF: 28,500
• PPBSF: $193

Stephen R. Preuss Sr. and Andreas Efthymiou acted as the brokers in this transaction, representing both the buyer and the seller. Their expertise and negotiation skills played a crucial role in finalizing the deal successfully. The acquisition of this development site in Astoria demonstrates Vassilios Kontsantas' interest in expanding his real estate portfolio and signifies a significant investment opportunity in this market.