Leo Li Acquires Development Site In Long Island City, Queens For $3.7M

The development site located at 38-20 28th Street in Long Island City, Queens has been sold in a transaction. The property is a development site, offering potential for future construction. The sale price for this transaction was $3,700,000. The site has a building square footage (BSF) of 14,006. The price per BSF (PPBSF) for this transaction is $264.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $3,700,000
• Address: 38-20 28th Street, Long Island City, Queens
• Market: Long Island City, Queens
• Seller: Amit Veer
• Buyer: Leo Li
• BROKERS: Stephen R. Preuss Sr., Andreas Efthymiou, Kevin Louie (Kevin.Louie_Investment_Sales), Kevin Schmitz - Ripco, and Justin Vance - Nest Seekers International

This transaction involved several individuals and companies. The seller, Amit Veer, and the buyer, Leo Li, reached an agreement on the sale of the development site. The brokers who facilitated the deal were Stephen R. Preuss Sr., Andreas Efthymiou, Kevin Louie (represented by Kevin.Louie_Investment_Sales), Kevin Schmitz from Ripco, and Justin Vance from Nest Seekers International. These professionals played a crucial role in the successful completion of the transaction.