Hang Zhang Acquires Development Site In Flushing, Queens For $48M | 138-28 Northern Boulevard | Christian Allimonos, Kevin Schmitz, Kevin Louie, Andreas Efthymiou, Stephen R. Preuss Sr. | Development Site | Sale

Summary

Sale

NEW YORK

Development Site

143,526 sqft

An development site located at 138-28 Northern Blvd in Flushing, Queens has been sold for a total price of $48,000,000. The property spans a total of 143,526 square feet, resulting in a price per buildable square foot (PPBSF) of $334. The transaction took place on October 14, 2022.

Summary of transaction details

Property Type: Development Site
Transaction Amount: $48,000,000
Address: 138-28 Northern Blvd, Flushing, Queens
Market: Flushing, Queens
BSF: 143,526
PPBSF: $334

Han Zhang is the buyer of the property, while the seller is the Macari Family. The seller was represented by Stephen R. Preuss Sr., Kevin Schmitz, Andreas Efthymiou, Kevin Louie, and Christian Allimonos from Ripco Investment Sales.

Players

All
6

Agents
5
Agencies
1

$100.4M Sold

$597.2M Sold

$655.9M Sold

$695M Sold

Stephen R. Preuss Sr.

Vice Chairman

$1.3B Sold

Ripco

Details

Deal Summary

SOLD

IMAGE: Stephen R. Preuss Sr., Kevin Schmitz, Andreas Efthymiou, Kevin Louie & Christian Allimonos DATE: 10/14/2022 ADDRESS: 138-28 Northern Blvd MARKET: Flushing, Queens ASSET TYPE: Development Site BUYER: Hang Zhang SELLER: Macari Family SELLER'S REP: Stephen R. Preuss Sr. (@RipcoInvestmentSales), Kevin Schmitz (@Kevin.Schmitz_CRE), Andreas Efthymiou (@Andreas.E_Investment_Sales) & Kevin Louie (@Kevin.Louie_Investment_Sales) & Christian Allimonos - Ripco Investment Sales SALE PRICE: $48,000,000 BSF: 143,526 ~ PPBSF: $334

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Address138-28 Northern Boulevard

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