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25-01 Queens Plaza North
SOLD

Grubb Properties Opportunity Zone Fund Acquires Development Site In Long Island City For $63M

25-01 Queens Plaza North

Development Site
239,000 SF
clock iconSold 1 year ago
Elli Klapper
Justin Arzi
Daniel (Dan) Kaplan
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Summary

Sale
NEW YORK
Development Site
239,000 sqft

A development site located at 25-01 Queens Plaza North in Long Island City has been sold for a price of $63,000,000. The buyer of the property is Grubb Properties Opportunity Zone Fund, represented by Clay Grubb. The seller includes Estia Realty, Vadiel Properties, and VI Properties. The brokers involved in the deal are Daniel Kaplan, Elli Klapper, and Justin Arzi from BRE. The property, with a total square footage of 239,000, is situated in Long Island City's market.

Summary of Transaction Details

  • Property Type: Development Site
  • Transaction Amount: $63,000,000
  • Address: 25-01 Queens Plaza North
  • Market: Long Island City

The Grubb Properties Opportunity Zone Fund, led by Clay Grubb, successfully acquired the development site. The selling entities, Estia Realty, Vadiel Properties, and VI Properties, completed the transaction. Assisting in the deal were Daniel Kaplan, Elli Klapper, and Justin Arzi from BRE as the brokers involved.

Players

  • All

    4

  • Agents

    3

  • Agencies

    1

Elli Klapper's profile picture
Elli Klapper
CBRE-image
Senior Vice President Investment Properties
$361.7M Sold
Justin Arzi's profile picture

Details

Deal Summary
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SOLD
IMAGE: Elli Klapper, Daniel Kaplan, Clay Grubb & Justin Arzi DATE: 09/22/2021 ADDRESS: 25-01 Queens Plaza North MARKET: Long Island City ASSET TYPE: Development Site BUYER: Grubb Properties Opportunity Zone Fund - Clay Grubb SELLER: Estia Realty, Vadiel Properties & VI Properties BROKERS: Daniel Kaplan, Elli Klapper, Justin Arzi - @CBRE SALE PRICE: $63,000,000 BSF: 239,000 ~ PPBSF: $263

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Address25-01 Queens Plaza North

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