Tom Ballis Acquires Development Site At 14-45 Broadway In Astoria For $1.825M

The development site located at 14-45 Broadway in Astoria was sold for $1,825,000. The site spans 3,400 square feet, translating to a price per square foot of $536. The property is situated in a rapidly developing area of Astoria, which reflects its market value and demand for development opportunities in the outer boroughs.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $1,825,000
• Building Square Footage: 3,400
• Price per Square Foot: $536
• Address: 14-45 Broadway
• Market: Astoria
• Buyer: Tom Ballis
• Seller: John Mustac
• Seller's Representative: Dylan Walsh, Nick Kolbus & Kieran Baker - Cushman & Wakefield
• Buildable Square Footage: 11,390
• Price per Buildable Square Foot: $160

The successful transaction involved key representatives from Cushman & Wakefield, who played a vital role in the sale. The team is currently managing over 800,000 buildable square feet in the market and under contract, indicating their strong presence in the real estate sector. Dylan Walsh is reachable at 917.887.5441 for further inquiries regarding similar opportunities.