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2-33 50th Avenue
SOLD

TheVOREAGroup Acquires Development Site In Queens For $88M

2-33 50th Avenue

Development Site
417,120 SF
clock iconSold 1 year ago
Robert (Bob) Knakal
Jonathan (Jon) Hageman
Ethan Stanton
+ 5
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Summary

Sale
NEW YORK
Development Site
417,120 sqft

A development site located at 2-33 50th Avenue in Queens has been sold for a price of $88,000,000. The property consists of a total of 417,120 square feet (BSF) with a price per square foot (PPBSF) of $210. The transaction took place on September 20, 2021.

Summary of transaction details

The buyer of the development site is Peter Papamichael from TheVOREAGroup, while the seller is The Fortress Corporation represented by Ladd Thorne. The transaction involved several brokers, including Bob Knakal, Brendan Maddigan, Jonathan Hageman, Stephen Palmese, Ethan Stanton, Winfield Clifford, and Michael Mazzara from JLL.

Players

  • All

    8

  • Agents

    7

  • Agencies

    1

Robert (Bob) Knakal's profile picture
Robert (Bob) Knakal
JLL-image
Chairman, New York Office Co-Head
$2.6B Sold
Ethan Stanton's profile picture
Brendan Maddigan's profile picture
Winfield Clifford's profile picture
Stephen Palmese's profile picture

Details

Deal Summary
minus icon
SOLD
IMAGE: Peter Papamichael, Ethan Stanton, Brendan Maddigan, Winfield Clifford, Stephen Palmese, Michael Mazzara, Bob Knakal & Jonathan Hageman DATE: 09/20/2021 ADDRESS: 2-33 50th Avenue MARKET: Queens ASSET TYPE: Development Site 🏗 BUYER: @TheVOREAGroup - Peter Papamichael SELLER: The Fortress Corporation - Ladd Thorne BROKERS: Bob Knakal, @BrendanMaddigan, Jonathan Hageman, @StephenPalmese, Ethan Stanton, Winfield Clifford, Michael Mazzara @JLL SALE PRICE: $88,000,000 BSF: 417,120 ~ PPBSF: $210

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Address2-33 50th Avenue

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