Hongwei Zheng Acquires Development Site In Astoria, Queens For $3.75M

The property involved in the transaction is a Development Site located at 30-71 29th Street in Astoria, Queens. The sale price for this asset was $3,750,000. It spans a total of 3,940 square feet with a price per square foot of $952. The building size is 14,103 square feet, equating to a price per building square foot of $266.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $3,750,000
• Buyer: Hongwei Zheng
• Seller: Trust of Walter Besser
• Brokers: Angela Kontis & Richard Bonagura

The deal's key individuals and companies include Angela Kontis and Richard Bonagura as the brokers facilitating the transaction.