Kai Wang Purchases Development Site At 30-86 Crescent Street In Astoria For $1,750,000

The asset involved in this transaction is a development site located at 30-86 Crescent Street in the Astoria market. The sale price of the property was $1,750,000, with a building square footage (BSF) of 8,101 and a price per building square foot (PPBSF) of $216. The total square footage (SF) of the property is 2,034, with a price per square foot (PPSF) of $860.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $1,750,000
• Address: 30-86 Crescent Street
• Market: Astoria
• Building Square Footage: 8,101
• Price per Building Square Foot: $216
• Total Square Footage: 2,034
• Price per Square Foot: $860
• Buyer: Kai Wang
• Seller: Socorro Ramirez
• Buyer's Representative: Dean Abouelhassan - Landair Advisors
• Seller's Representative: Paul Youssef - FTS Capital

This transaction involved key individuals in the real estate sector, including the buyer, Kai Wang, and the seller, Socorro Ramirez. The representatives facilitating the deal were Dean Abouelhassan from Landair Advisors for the buyer and Paul Youssef from FTS Capital representing the seller.