Michael Lee Acquires Development Site In Flushing, Queens For $8.6M

A development site located at 150-02 Northern Blvd. in Flushing, Queens has been sold in a recent transaction. The property, which is a development site asset, was sold for a total price of $8,600,000. The sale included a building square footage (BSF) of 34,762. The price per building square footage (PPBSF) was calculated to be $247. The transaction took place on August 16, 2022.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $8,600,000
• BSF: 34,762
• PPBSF: $247
• Address: 150-02 Northern Blvd., Flushing, Queens

Michael Lee, identified as the buyer, purchased the property from Joseph Dayan, the seller. Lisa Lou from Happy 8 Realty represented the buyer in the transaction. Rubin Isak, Lev Kimyagarov, and Elana Kapul, who are part of Development Site Advisors, acted as the seller's representatives.

For those interested in joining the team at Development Site Advisors, they are currently seeking salespeople. They offer an opportunity to specialize in the development site sector and stand out from the crowd. To learn more, you can contact Rubin Isak or Lev Kimyagarov via their respective handles on Twitter, @rubinisak and @levkimyagarov. Further information is available on their website, www.developmentsites.com.