Nelson Leong's Sky High Realty Acquires Long Island City Development Site For $2.675M

A development site located at 38-14 & 18 Crescent St. in Long Island City has been sold for a total of $2,675,000. The property spans across an area of 15,000 square feet, resulting in a price per buildable square foot (PPBSF) of $178. The sale was completed on June 1, 2022.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $2,675,000
• Address: 38-14 & 18 Crescent St., Long Island City
• Market: Long Island City
• Buyer: Nelson Leong - Sky High Realty
• Seller: Miron Scullman
• Brokers: Dimitrios Kapelonis & Austin Roche - Gravity Real Estate Advisors Dimitrios
• BSF: 15,000
• PPBSF: $178

Nelson Leong of Sky High Realty acted as the buyer in this transaction, while Miron Scullman served as the seller. The deal was facilitated by brokers Dimitrios Kapelonis and Austin Roche from Gravity Real Estate Advisors Dimitrios. For more deals, you can follow Gravity Real Estate Advisors on Instagram (@Gravity_RE_Advisors).