DA Development Group, led by principals David Shenfeld and Andrew Fein, has acquired a development site in Queens, New York. The property, located at 21-01 21st Street, spans 37,500 square feet and was sold by Gennaro Vendome for a price of $5,000,000. The transaction equates to a price per square foot of $133.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $5,000,000
• Square Footage: 37,500 sf
• Price per Square Foot: $133
• Seller: Gennaro Vendome
• Buyer: DA Development Group, David Shenfeld, and Andrew Fein
• Broker: GFI

GFI represented the buyer, DA Development Group, in this transaction. The development site presents an opportunity for the principals of DA Development Group to collaborate with JBL Development Group on a new development project.