Hang Dong Zhang Acquires Development Site In Long Island City, Queens For $2.1M

A development site located at 21-47 44th Drive in Long Island City, Queens has been sold for a total price of $2,125,000. The buyer of the property is Hang Dong Zhang, while the seller is Charles Sehayik. The property was represented by brokers Matthew Fotis and Lazarus Apostolidis from Marcus & Millichap. The development site has a total buildable square footage (BSF) of 8,000 and a price per square foot (PPSF) of $265.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $2,125,000
• Address: 21-47 44th Drive, Long Island City, Queens
• Market: Long Island City, Queens
• Buyer: Hang Dong Zhang
• Seller: Charles Sehayik
• Brokers: Matthew Fotis & Lazarus Apostolidis - Marcus & Millichap
• Total BSF: 8,000
• PPSF: $265

The sale of this development site was facilitated by brokers Matthew Fotis and Lazarus Apostolidis from Marcus & Millichap. Their expertise and negotiation skills played a crucial role in finalizing the transaction. Both the buyer, Hang Dong Zhang, and the seller, Charles Sehayik, trusted their representation throughout the deal.