Cape Advisors Acquires Development Site In Astoria For $155.3M

The development site located at 30-77 Vernon Boulevard in Astoria has been sold in a closed transaction. The property, featuring 534 units, was purchased by Cape Advisors from the seller, Pioneer Group, on 04/27/2022. The sale price for this transaction was $155,324,864, with a per unit price of $290,870.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $155,324,864
• Address: 30-77 Vernon Boulevard
• Market: Astoria
• Buyer: Cape Advisors
• Seller: Pioneer Group
• Units: 534
• Price Per Unit: $290,870

Leonid Maksimov captured an image of the property, showcasing its features and potential for development. The deal was facilitated by Cape Advisors' representative from their respective agency.