Shao Group Acquires Development Site From Filingeri Family In Astoria For $4.15M

This transaction involves a development site located at 3-02 26th Avenue, 304 26th Avenue, 26-09 3rd Street, and 26-11 3rd Street in Astoria. The sale price was $4,150,000, with a building square footage (BSF) of 21,000, resulting in a price per building square foot (PPBSF) of $198. The site has a total square footage (SF) of 5,400, equating to a price per square foot (PPSF) of $769.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $4,150,000
• Buyer: Shao Group
• Seller: Filingeri Family
• Broker Representatives: Josh Goldflam & Rodney Nassimian - Highcap Group
• BSF: 21,000
• PPBSF: $198
• SF: 5,400
• PPSF: $769

The property was represented by brokers Josh Goldflam and Rodney Nassimian from Highcap Group. The transaction involved a four-lot assemblage intended for residential condominium development.