Circle F Acquires Dev Site In Long Island For $23M

The Robert Eaton Building Corp has sold a development site located at 22-43 Jackson Ave in Long Island City. The site is designated for residential condominium development, with plans for 71 units. The transaction took place in May 2017, and the property was purchased by Circle F – Feldman for a total price of $23,000,000. The site has a total square footage of 13,517 buildable square feet, resulting in a price per square foot of $1702. Additionally, the existing structure on the site encompasses 63,900 square feet, leading to a price per buildable square foot of $360.

Summary of transation details

• Property Type: Development Site
• Transaction Amount: $23,000,000
• Address: 22-43 Jackson Ave, Long Island City
• Market: LIC
• Plans: Residential Condos - 71 units

The sale of the property was facilitated by Circle F – Feldman's representative in the deal. As a prominent real estate agency, Circle F – Feldman played a key role in the successful transaction.