Dai Ping Zheng Acquires Development Site In Long Island City For $4.5 Million

The asset involved in this transaction is a development site located at 23-10 44th Drive in the Long Island City market. The sale price was $4,500,000, with a total square footage of 2,500, resulting in a price per square foot of $1,800.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $4,500,000
• Address: 23-10 44th Drive
• Market: Long Island City
• Square Footage: 2,500
• Price per Square Foot: $1,800
• Buyer: Dai Ping Zheng
• Seller: Rosenthal & Rosenthal
• Brokers: Erik Edeen, Patrick Madigan, Frederick Richter & Joseph Moran - Avison Young

This transaction involved Dai Ping Zheng as the buyer and Rosenthal & Rosenthal as the seller. The deal was facilitated by Erik Edeen, Patrick Madigan, Frederick Richter, and Joseph Moran from Avison Young, representing the respective parties in this transaction.