Mike Politidis Acquires Development Site In Queens, Astoria For $3.775M

Located at 12-16 30th Ave in Queens, Astoria, this development site holds great potential for future projects. The property features a total buildable square footage of 14,800 and is zoned as R6B. The asking price for this site was $3,800,000, and it was eventually sold for $3,775,000. With a price per buildable square foot of $255, this transaction represents a significant investment in the area. Sal Meli was the seller of this property, while Mike Politidis was the buyer.

Summary of transaction details

• Property Type: Development Site (QOZ)
• Transaction Amount: $3,775,000
• Total Buildable Square Footage: 14,800
• Asking Price: $3,800,000
• Price per Buildable Square Foot: $255
• Zoning: R6B
• Seller: Sal Meli
• Buyer: Mike Politidis
• Brokers: Andreas Efthymiou & Stephen R. Preuss – @TeamPreuss / @AndreasEfthymiou_

This successful transaction was facilitated by the dedicated team of brokers, Andreas Efthymiou and Stephen R. Preuss, representing both the buyer and seller. Their expertise and negotiation skills contributed to the smooth completion of this deal, solidifying their reputation as reputable real estate professionals in the industry.