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

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.