Park Construction Corp Acquires Astoria Development Site For $3.96M

Anand Melwani and Alex Goulet, real estate brokers from ARM Real Estate Group, represented the buyer and seller in a recent closed property transaction in Astoria, Queens. The development site, located at 30-82 and 30-84 Crescent Street, was sold for $3,960,000. The property has a total buildable square footage of 15,480 and a price per buildable square footage of $255.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $3,960,000
• Buildable Square Footage: 15,480
• Price per Buildable Square Footage: $255
• Address: 30-82 Crescent Street, 30-84 Crescent Street, Astoria, Queens

Robert Cerrone, from Park Construction Corp, purchased the development site from Liam Macdara King (30-82) and Salvatore Chillemi (30-84). Anand Melwani and Alex Goulet, representing ARM Real Estate Group, facilitated the transaction as the buyer and seller's brokers respectively.