Jack Fung Acquires Development Site In Long Island City For $3.25M

A development site located at 40-21 27th Street in Long Island City, Dutch Hills has been sold for a total of $3,250,000. The property spans 5,000 square feet, with a price per square foot of $650.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $3,250,000
• Address: 40-21 27th Street
• Market: Long Island City, Dutch Hills
• Buyer: Jack Fung
• Seller: Carl Bordon
• Brokers: Luca DiCiero & Devin Navarro - NY Space Finders
• SF: 5,000
• PPSF: $650

The transaction was facilitated by Luca DiCiero and Devin Navarro of NY Space Finders, serving as the brokers for both the buyer and the seller. They played a crucial role in ensuring a successful deal between Jack Fung and Carl Bordon.