Century Development Group Acquires Development Site On Northern Boulevard Flushing For $16M

The development site located at 144-28 Northern Boulevard in Flushing has been sold for $16,000,000. This property boasts a total of 14,375 square feet of land with a building size factor of 69,000, resulting in a price per buildable square foot of $231 and a price per square foot of $1,113. It features 100 feet of frontage situated within one of Queens’ most active and supply-constrained corridors, all delivered vacant.

Summary of transation details:

• Property Type: Development Site
• Transaction Amount: $16,000,000
• Broker Representatives: Robert Knakal, Seth Samowitz - BK Real Estate Advisors; Thomas Donovan, Tommy Lin, Eugene Kim - Meridian Capital Group
• Building Size Factor: 69,000
• Price per Buildable Square Foot: $231
• Square Footage: 14,375
• Price per Square Foot: $1,113

The transaction involved Century Development Group as the buyer, facilitated through collaborative efforts of their broker representatives. Congratulations were extended to all parties involved on completing this successful transaction.