Xin Xiang Lin Acquires Dev Site In Flushing From Church Of Jesus Christ Of Latter-day Saints For $27M

The property at 144-27 Sanford Avenue in New York's Flushing market has been sold for $27,000,000. The asset is a development site with a total square footage of 84,000 sf. The price per buildable square foot (PPBSF) is $321. The property is located in a prime area of Flushing, offering lucrative development opportunities.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $27,000,000
• Building Square Footage: 84,000 sf
• Price Per Buildable Square Foot (PPBSF): $321
• Address: 144-27 Sanford Avenue, New York
• Market: Flushing

The Church of Jesus Christ of Latter-day Saints acted as the seller in this transaction, while the buyer was Xin Xiang Lin. This deal highlights the involvement of key individuals and organizations in the real estate market.