Thomas Ballis Acquires Development Site At 41-16 29th Street Long Island City For $3.3M

The development site located at 41-16 29th Street in Long Island City was sold for $3,300,000. The asset encompasses a building square footage of 2,505 with a price per square foot of $1,317. The site has a base sale footage of 12,525 and a price per base sale footage of $263. It is zoned under M1-5/R7-3, LIC.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $3,300,000
• Building Square Footage: 2,505
• Price per Square Foot: $1,317
• Base Sale Footage: 12,525
• Price per Base Sale Footage: $263
• Zoning: M1-5/R7-3, LIC
• Buyer: Thomas Ballis
• Broker: Daniel Tack - Pinnacle Realty of New York

Daniel Tack of Pinnacle Realty of New York LLC successfully represented both the buyer, Thomas Ballis, and the seller in this transaction. For inquiries regarding commercial, industrial, or residential development, Daniel can be contacted at [email protected].