Jasper Wu Acquires Long Island City Development Site For $10.37M | 23-17 41st Avenue | Cole Kinney Leonhardt, Michael Ferrara | Mixed-use | Sale

Summary

Sale

NEW YORK

Mixed-use

76,794 sqft

The property involved in this transaction is a development site located at 23-17 41st Avenue in Long Island City. The property was an existing 2-story corner warehouse in shell condition. The sale price for the property was $10,370,000, with a building square footage of 40,080. The price per building square footage was $259.

Summary of transaction details

Property Type: Development Site
Transaction Amount: $10,370,000
Address: 23-17 41st Avenue
Market: Long Island City
Buyer: Jasper Wu
Brokers: Michael Ferrara & Cole Kinney Leonhardt - Brax Realty
BSF: 40,080
PPBSF: $259

Michael Ferrara and Cole Kinney Leonhardt of Brax Realty represented the seller and also procured the purchaser in this off-market transaction.

Players

All
3

Agents
2
Agencies
1

Cole Kinney Leonhardt

Investment Sales Associate

$10.4M Sold

Michael Ferrara

Managing Principal

$255.6M Sold

Brax Realty

Details

Deal Summary

SOLD

IMAGE: Michael Ferrara, Jasper Wu & Cole Kinney Leonhardt DATE: 11/07/2022 ADDRESS: 23-17 41st Avenue MARKET: Long Island City ASSET TYPE: Development Site BUYER: Jasper Wu BROKERS: Michael Ferrara & Cole Kinney Leonhardt (@ColeKinney88) - Brax Realty (@BraxRealtyNYC) SALE PRICE: $10,370,000 BSF: 40,080 ~ PPBSF: $259 NOTE FROM @BraxRealtyNYC: Michael Ferrara and Cole Kinney Leonhardt of Brax Realty represented the seller and also procured the purchaser in this off-market transaction. The property was an existing 2-story corner warehouse (shell condition) that will be developed.

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Address23-17 41st Avenue

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