Neel Dvivedi Acquires Development Site In Astoria For $2.4M

The development site located at 31-49 12th St. in the Astoria market was sold for a total of $2,400,000. The property encompasses a buildable square footage (BSF) of 11,745, resulting in a price per buildable square foot (PPBSF) of $204.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $2,400,000
• Address: 31-49 12th St.
• Market: Astoria
• Buildable Square Footage: 11,745
• Price Per Buildable Square Foot: $204
• Buyer: Neel Dvivedi
• Seller: Tobias Sienel
• Broker: Evan Daniel - Modern Spaces

Neel Dvivedi acted as the buyer in this transaction, while Tobias Sienel was the seller. The deal was brokered by Evan Daniel representing Modern Spaces, facilitating the exchange between the two parties.