Ripco Brokers $81.85M Sale Of Flushing Development Site On 45th Avenue

A development site located at 137-31 45th Avenue in Flushing has been sold for a total price of $81,850,000. The property is characterized by its potential for development, offering a total buildable square footage (BSF) of 334,834. This translates to a price per buildable square footage (PPBSF) of $244. The transaction took place on 02/07/2024.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $81,850,000
• Address: 137-31 45th Avenue, Flushing
• Market: Flushing
• BSF: 334,834
• PPBSF: $244

The sale of this development site was facilitated by Stephen R. Preuss Sr. from Ripco. As the broker representing the deal, Stephen R. Preuss Sr. played a crucial role in enabling the transaction to be successfully completed.