Mark Koplowitz Acquires Retail Development Site In Jamaica, Queens For $2.4M

A retail development site / vacant land located at 24409-24419 Merrick Boulevard in Jamaica, Queens, New York has been sold in a closed transaction for a price of $2,400,000. The property has a building square footage (BSF) of 21,219 square feet, resulting in a price per buildable square foot (PPBSF) of $113. The seller of the property was IVY Properties, while the buyer was Mark Koplowitz. The transaction was facilitated by brokers Stephen R. Preuss and Stephen P. Palmese from Cushman & Wakefield.

Summary of transaction details:

• Property Type: Retail Development Site / Vacant Land
• Transaction Amount: $2,400,000
• Building Square Footage (BSF): 21,219 sf
• Price per Buildable Square Foot (PPBSF): $113
• Seller: IVY Properties
• Buyer: Mark Koplowitz
• Broker: Stephen R. Preuss & Stephen P. Palmese of Cushman & Wakefield

The transaction involved the sale of a retail development site / vacant land in Jamaica, Queens. The property, located at 24409-24419 Merrick Boulevard, has a total building square footage of 21,219 square feet. The sale price for the property was $2,400,000, resulting in a price per buildable square foot of $113. IVY Properties acted as the seller, while Mark Koplowitz served as the buyer. Representing the parties involved in the deal were brokers Stephen R. Preuss and Stephen P. Palmese of Cushman & Wakefield.