Tom Ballis Acquires Development Site At 31st Street Astoria From Astoria Lot Owner LLC For $2.8M

The transaction involved a development site located on 31st Street, in the Astoria market. The property was sold for $2,800,000, with a building square footage of 11,268 and a price per building square foot of $248. The property also features a total square footage of 3,756, equating to $745 per square foot.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $2,800,000
• Building Square Footage: 11,268
• Price per Building Square Foot: $248
• Total Square Footage: 3,756
• Price per Square Foot: $745
• Buyer: Tom Ballis
• Seller: Astoria Lot Owner LLC - Jacob Entel
• Brokers: Andreas Efthymiou, Stephen R. Preuss Sr. & Jack Rovner - Ripco
• Date of Sale: 12/17/2025

The deal included notable key individuals such as Tom Ballis as the buyer and Jacob Entel representing Astoria Lot Owner LLC as the seller. The brokers involved in the transaction were Andreas Efthymiou, Stephen R. Preuss Sr., and Jack Rovner from Ripco, facilitating the closing of this property sale.