Jack Wang Acquires Development Site In Astoria From Christopher Frangopoulos For $2.05M

This development site located at 21-69 Shore Boulevard in Astoria consists of a land parcel measuring 8,720 BSF, which translates to a purchase price of $2,050,000 and a price per BSF of $235. The property also offers a total square footage of 2,080, equating to a price per square foot of $985.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $2,050,000
• Address: 21-69 Shore Boulevard
• Market: Astoria
• BSF: 8,720
• PPBSF: $235
• SF: 2,080
• PPSF: $985
• Buyer: Jack Wang
• Seller: Christopher Frangopoulos
• Brokers: Dean Abouelhassan & Alexandre Goulet - Landair Property Advisors

The transaction was notably rapid, with the site going into contract in less than 60 days. This reflects the ongoing strength of the residential market within Astoria. For queries regarding Queens development sites, interested parties are encouraged to reach out to Dean Abouelhassan for further information.