Lalmir Sultanzada's 161 Baisley LLC Acquires Development Site In South Jamaica, Queens For $4M

Lalmir Sultanzada's 161 Baisley LLC has acquired a development site along with an adjacent parcel in South Jamaica, Queens, for $4 million. The property is located at 161-51 Baisley Boulevard and spans a total buildable area of approximately 12,143 square feet. The transaction was completed on August 4, 2023.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $4 million
• Address: 161-51 Baisley Boulevard
• Market: South Jamaica, Queens
• Buyer: Lalmir Sultanzada's 161 Baisley LLC
• Seller: Platinum Realty Associates & RW Real Estate Group - David Koptiev & Peter Young

The buyer, Lalmir Sultanzada, represented by 161 Baisley LLC, successfully acquired the development site and the adjacent parcel. The transaction was a joint collaboration between Platinum Realty Associates and RW Real Estate Group, with David Koptiev and Peter Young representing the sellers. The sale price for the property was $4 million.