Hang Dong Zhang Acquires Development Site In Long Island City/Queens For $8.15M

A development site located at 23-08 Jackson Avenue in the Long Island City/Queens market has been sold in a closed transaction. The property spans 20,348 square feet and was sold for a sale price of $8,150,000, with an asking price of $8,950,000. The price per square foot for the transaction was $236.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $8,150,000
• Street Address: 23-08 Jackson Avenue
• Market: Long Island City/Queens

Gus Kodogiannis was the seller of the development site, while the buyer was Hang Dong Zhang. The transaction was facilitated by brokers Shaun Riney, Mike Salvatico, Dylan Walsh, Scott Plasky, and Billy Stephan, who are part of the Marcus and [Agency] brokerage.