RockroseNY Acquires 27-34 Jackson Avenue Development Site In Long Island City For $26M

An undisclosed buyer represented by Rockrose NY has acquired a development site located at 27-34 Jackson Avenue in Long Island City. The property was sold by James Vasey of Cab Management Corp. The transaction took place on February 7, 2019, for a total price of $26,000,000. The development site spans a total of 75,237 square feet and has a price per square foot of $345.

Summary of transaction details

• Property Type: Dev. Site
• Transaction Amount: $26,000,000
• Address: 27-34 Jackson Avenue
• Market: Long Island City
• BSF: 75,237
• PPBSF: $345
• Buyer: @RockroseNY
• Seller: James Vasey - Cab Management Corp.

The buyer, represented by Rockrose NY, successfully acquired the development site. Rockrose NY acted as the buyer's representative in the deal, ensuring a smooth transaction. On the other side, James Vasey, representing Cab Management Corp, facilitated the sale of the property. The collaboration between these key individuals and companies led to the successful completion of the deal.