Johnathan Perr Acquires Development Site In Astoria From Iqbal Khan For $1.9M

The asset involved in this transaction is a development site located at 31-28 28th Road in Astoria. The sale price for this property was $1,900,000, with a buildable square footage of 7,000, resulting in a price per buildable square foot of $271. The total square footage of the site is 1,910, equating to a price per square foot of $994.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $1,900,000
• Address: 31-28 28th Road
• Market: Astoria
• Buildable Square Feet: 7,000
• Price per Buildable Square Foot: $271
• Total Square Feet: 1,910
• Price per Square Foot: $994
• Buyer: Johnathan Perr
• Seller: Iqbal Khan
• Broker Representatives: Alexandre Goulet & Dean Abouelhassan - Landair Advisors

The transaction involved Johnathan Perr as the buyer and Iqbal Khan as the seller. The brokerage team from Landair Advisors, Alexandre Goulet and Dean Abouelhassan, facilitated the closing. They successfully managed two contiguous development sites, negotiating terms favorable to both parties and demonstrating local market expertise.