Stephen Ross, Jeff Blau & Frank Monterisi Acquire Development Site In Corona, Queens For $12.3M

The development site located at 126-17 34th Avenue & 126-11 34th Avenue in Corona, Queens has been sold for a price of $12,300,000. The property spans a lot size of 19,800 square feet, resulting in a price per land square foot of $621. The site has a total buildable square footage of 68,112, leading to a price per buildable square foot of $181.

Summary of transation details

• Property Type: Development Site
• Transaction Amount: $12,300,000
• Lot Size: 19,800 sqft
• Price per Land Square Foot: $621
• Total Buildable Square Footage: 68,112
• Price per Buildable Square Foot: $181
• Address: 126-17 34th Avenue & 126-11 34th Avenue
• Market: Corona, Queens

The buyers in the transaction are Stephen Ross, Jeff Blau, and Frank Monterisi from Related Companies, Fred Wilpon from Sterling Equities and NYCFC, and Mansour bin Zayed Al Nahyan. On the other hand, Eric Benaim from Benaim X Partners represents the seller.