Michael Lee Acquires Development Site In Astoria From Peter Vasilakos For $3.35M

The property asset involved in the transaction is a development site located at 28-25 31st Street in the Astoria market. The sale price was $3,350,000, with a building square footage (BSF) of 15,000 and a price per building square foot (PPBSF) of $223. It features a total square footage (SF) of 3,000, leading to a price per square foot (PPSF) of $1,116.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $3,350,000
• Building Square Footage: 15,000
• Price Per Building Square Foot: $223
• Total Square Footage: 3,000
• Price Per Square Foot: $1,116
• Buyer: Michael Lee
• Seller: Peter Vasilakos
• Buyer's Representative: Luca DiCiero & Faisal Gilani - NY Space Finders

The key individuals involved in this transaction include the buyer, Michael Lee, and the seller, Peter Vasilakos, who engaged the services of the buyer's representatives, Luca DiCiero and Faisal Gilani from NY Space Finders, to facilitate the deal.