Patel Family Acquires Development Site In Long Island City From George Doukas For $2.5M

The property asset involved in the transaction is a development site located at 31-03 37th Avenue in Long Island City. The sale was finalized for a total amount of $2,500,000, with a building square footage (BSF) of 8,652 and a price per building square foot (PPBSF) of $288.

Summary of transation details:

• Property Type: Development Site
• Transaction Amount: $2,500,000
• Building Square Footage: 8,652
• Price Per Building Square Foot: $288
• Buyer: Patel Family
• Seller: George Doukas
• Broker Representatives: Alexandre Goulet & Anand Melwani - Landair Property Advisors
• Note: Property sold with approved plans & 421a eligible.

The key individuals involved in the deal include buyer Patel Family and seller George Doukas, with Alexandre Goulet and Anand Melwani representing the seller in this transaction through Landair Property Advisors.