Bell Realty Acquires Astoria Development Site For $3.2M

An off-market deal for a development site in Astoria has been closed. The property, located at 31-17 28th Avenue (25-64 32nd Street), was sold for a price of $3,200,000. The seller, Carmela Biondo, and the buyer, Bell Realty represented by Eric Belanich, completed the transaction with the assistance of brokers Alexandre Goulet and Anand Melwani from @ARMRealEstateNYC.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $3,200,000
• Asking Price: $3,300,000
• BSF: 11,276
• PPBSF: $283

This off-market deal involved the sale of a development site in Astoria. The property, with a total square footage of 11,276, was initially listed for $3,300,000 but was ultimately sold for $3,200,000. Carmela Biondo acted as the seller, while Bell Realty, represented by Eric Belanich, served as the buyer in the transaction. Brokers Alexandre Goulet and Anand Melwani from @ARMRealEstateNYC assisted both parties in successfully closing the deal.