The recently closed transaction in Jamaica, Queens involves a development site located at 148-15 89th Ave. The property has a total buildable square footage (BSF) of 62,905, with a price per buildable square footage (PPBSF) of $84. The sale price for this development site was $5,320,000.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $5,320,000
• Market: Jamaica, Queens
• Address: 148-15 89th Ave.

The seller in this transaction was Carpentiere Pasquale. Asset CRG Advisors represented the seller, and the brokers involved in the deal were Yuriy Ustoyev and Sadya Liberow from Asset CRG Advisors.

Asset CRG Advisors has a strong presence in the Jamaica, Queens neighborhood, with this being their 10th sale in the area. They have successfully completed approximately 1,000,000 buildable square feet of development in Jamaica. For further information on development opportunities and other investment opportunities in the area, interested parties can contact Sadya Liberow at [email protected] or 646.363.6175, and Yuriy Ustoyev at [email protected] or 718.838.4842.