Fei Guo Acquires Development Site In Elmhurst, Queens For $3.5M

A development site located at 40-46 75th Street in Elmhurst, Queens has been sold for a price of $3,500,000. The property spans over 20,000 square feet and has a price per buildable square foot (PPBSF) of $175. The sale was facilitated by the brokers Daniel O'Brien, Dylan Walsh, Nick Kolbus, and Jeffrey A. Shalom from Cushman & Wakefield.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $3,500,000
• Address: 40-46 75th Street, Elmhurst, Queens
• Market: Elmhurst, Queens
• BSF: 20,000 square feet
• PPBSF: $175

The buyer of the development site is Fei Guo, while the sellers are Robert & Eduard Granato. The transaction was handled by the Cushman & Wakefield team consisting of Daniel O'Brien, Dylan Walsh, Nick Kolbus, and Jeffrey A. Shalom. The deal signifies the involvement and expertise of these individuals in the Elmhurst, Queens market.