NYC School Construction Authority Acquires Development Site In Staten Island For $10M From Anthony Fontana

17 East Reading Avenue is a development site located in Great Kills, Staten Island. The property consists of 18 parcels and has a building square footage of 7,788. The sale price for the development site was $10,000,000, resulting in a price per building square foot of $1,284.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $10,000,000
• Buyer: NYC School Construction Authority
• Seller: Anthony Fontana
• BSF: 7,788
• PPBSF: $1,284

The NYC School Construction Authority acquired the property through East Reading Holdings LLC, indicating a structured approach to the transaction and a focus on ground-up development plans for the site.