Kostas Alafoyiannis Acquires Development Site In Astoria For $10.5M

A development site located at 25-56 31st Street in Astoria, with a sales price of $10,500,000, has recently been sold. The site spans 12,550 square feet, resulting in a price per square foot of $837. The transaction took place on 02/01/2023, with Rubin Isak and Lev Kimyagarov from Development Site Advisors representing the seller and Kostas Alafoyiannis from Greiner-Maltz Real Estate representing the buyer. This sale involved a 4-lot, 16,277 square feet block-through assemblage.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $10,500,000
• Address: 25-56 31st Street
• Market: Astoria
• SF: 12,550
• PPSF: $837
• Seller's Rep: Rubin Isak & Lev Kimyagarov - Development Site Advisors
• Buyer's Rep: Kostas Alafoyiannis - Greiner-Maltz Real Estate

Development Site Advisors is a specialized firm solely focused on representing owners exclusively for selling development sites and air rights in NYC. The company offers unmatched support, mentorship, tools, and training for development site brokers. If interested in joining their team, reach out to @levkimyagarov, @rubinisak, or @developmentsiteadvisors to be part of this exciting brand.