Sandu Family Acquires Development Site From Daniel Melamed For $1.9 Million In Richmond Hill

The development site located at 118-08 Jamaica Avenue in Richmond Hill was sold for a total price of $1,900,000. The property offers a building square footage of 12,222, resulting in a price per building square foot of $155.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $1,900,000
• Building Square Footage: 12,222
• Price per Building Square Foot: $155
• Buyer: Sandu Family
• Seller: Daniel Melamed
• Seller's Representative: Stephen R. Preuss Sr., Kevin Schmitz & Alex Svetlakou - Ripco
• Date of Transaction: 09/16/2024

The transaction involved key representatives such as the seller's representatives Stephen R. Preuss Sr., Kevin Schmitz, and Alex Svetlakou from Ripco, facilitating the sale between the Sandu Family and Daniel Melamed.