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Steve Donadic Sells Development Site In Long Island City For $10.5M With Broker, Rodney Nassimian - HighCap Group

Property Image
SOLD
$10,500,000

New York

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Development Site33,465 SF
Sold 02/08/2022
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Property Image
SOLD

Steve Donadic Sells Development Site In Long Island City For $10.5M With Broker, Rodney Nassimian - HighCap Group

42-36 27th Street, Queens, New York 11101, United States

See Similar Deals
Development Site33,465 SF
Sold 02/08/2022
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Development Site
Price Per Square Foot:$313
Total Square Footage:33,465 SF
Transaction Type:Sale

A development site located at 42-36 & 42-38 27th Street in Long Island City has been sold for a record price of $10,500,000. The property, consisting of two lots with 67 feet of frontage, is a prime investment opportunity in the bustling market of Long Island City. The seller, Steve Donadic, entrusted the sale to Rodney Nassimian of HighCap Group.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $10,500,000
  • Address: 42-36 & 42-38 27th Street
  • Market: Long Island City
  • Broker: Rodney Nassimian - HighCap Group

Rodney Nassimian, representing HighCap Group, facilitated the sale of this development site. With over 40 years of ownership, this property offers immense potential for further development. Its strategic location in Long Island City enhances its value and makes it a highly sought-after investment opportunity.

For more properties in Astoria/LIC, interested parties can contact Rodney Nassimian at 347-821-4218 or 516-424-7455, or via email at [email protected]. Additional information can also be found at www.highcapgroup.com.

Players

Rodney Nassimian
Highcap Group
Rodney Nassimian
18 deals$73.1M volume(516) 424-7455
BROKER

Details

SOLD
IMAGE: Rodney Nassimian DATE: 02/08/2022 ADDRESS: 42-36 & 42-38 27th Street MARKET: Long Island City ASSET TYPE: Development Site SELLER: Steve Donadic BROKER: Rodney Nassimian (@OldRodIsBack) - HighCap Group (@HighCap_Group) SALE PRICE: $10,500,000 BSF: 33,465 ~ PPBSF: $313 NOTE FROM @HighCap_Group: Two Lots with 67 Feet of Frontage 40 Year Ownership Record price of $313/BSF. Contact Rodney to discuss more sites in Astoria/LIC: T: 347-821-4218. M: 516-424-7455 [email protected] www.highcapgroup.com

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