NYC School Construction Authority Acquires Bayside Development Site For $11M

23-50 217th Street, Queens, New York 11360, United States

$11,000,000

$171/SF

Building Size

64,000 SF

Asset Type

Development Site

Closing

Jan 25, 2022

AI

The NYC School Construction Authority has acquired a development site located at 23-50 Waters Edge Drive in Bayside. The property spans 64,000 square feet and was sold by The Bork Family for a total price of $11,000,000, resulting in a price per buildable square foot (PPBSF) of $171.

Summary of transation details

Property Type: Development Site
Transaction Amount: $11,000,000
Address: 23-50 Waters Edge Drive
Market: Bayside

The NYC School Construction Authority was represented by Richard Eaddy and Joseph Byrnes, while Stephen R. Preuss Sr and Kevin Louie acted as the representatives for The Bork Family.

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