SOLD
Chris Xu Acquires Development Site In Long Island City For $57.5M
42-50 24th Street
Development Site
Sold 54 days ago
Summary
Sale
NEW YORK
Development Site
The sale involved a Development Site located at 42-50 24th Street in Long Island City, Queens. The transaction was completed on 03/06/2024, with a sale price of $57,500,000. The buyers were Chris Xu from United Construction & Development Group, while the sellers were Fisher Brothers & Hakim Organization. The property was brokered by Daniel Kaplan, Doug Middleton, and Justin Arzi from CBRE.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $57,500,000
- Address: 42-50 24th Street
- Market: Long Island City, Queens
The key individuals involved in the deal include Chris Xu representing United Construction & Development Group as the buyer, and Fisher Brothers & Hakim Organization as the sellers. The transaction was facilitated by the brokers Daniel Kaplan, Doug Middleton, and Justin Arzi from CBRE.
Players
All
4
Agents
3
Agencies
1
Details
SOLD
IMAGE: Justin Arzi, Doug Middleton, Chris Xu, Daniel Kaplan, Winston Fisher & Kamran Hakim
DATE: 03/06/2024
ADDRESS: 42-50 24th Street
MARKET: Long Island City, Queens
ASSET TYPE: Development Site
BUYER: Chris Xu - United Construction & Development Group
SELLER: Fisher Brothers (@FisherBrothers) & Hakim Organization
BROKERS: Daniel Kaplan, Doug Middleton & Justin Arzi - CBRE (@CBRE)
SALE PRICE: $57,500,000View on map
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Address42-50 24th Street
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