Neel Dvivedi Acquires Development Site In Astoria, Queens For $5.8M

The development site located at 30-33 29th St in Astoria, Queens has been sold in a closed transaction. The property spans 7,500 square feet and was acquired for a price of $5,775,000, resulting in a price per square foot of $770. The site has a buildable square footage of 22,647, with a price per buildable square foot of $255.

Summary of Transaction Details

• Property Type: Development Site
• Transaction Amount: $5,775,000
• Address: 30-33 29th St, Astoria, Queens
• Market: Astoria, Queens
• Square Footage: 7,500
• Price per Square Foot: $770
• Buildable Square Footage: 22,647
• Price per Buildable Square Foot: $255

The buyer of the property is Neel Dvivedi, and the seller is The Schatz Family. Marcus & Millichap's agents Shaun Riney, Sean Fopeano, and Louis Zarif, along with Modern Spaces NY's agents Jeremy Ruiz and Greg Kyroglou, represented the buyer and seller in the transaction.