Kean Chen Acquires Development Site From Howard Cohen In Long Island City For $10.2M

This development site is located at 42-73 Hunter Street & 42-71 Hunter Street in Long Island City. The transaction was completed for a price of $10,200,000, with a total built square footage (BSF) of 24,885 and a price per built square footage (PPBSF) of $410. The site encompasses a total square footage (SF) of 4,950, resulting in a price per square foot (PPSF) of $2,060.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $10,200,000
• BSF: 24,885
• PPBSF: $410
• SF: 4,950
• PPSF: $2,060
• Buyer: Kean Chen
• Seller: Howard Cohen
• Broker: Cole Kinney Leonhardt - Brax Realty

Cole Kinney Leonhardt represented both Kean Chen and Howard Cohen in this transaction, facilitating the deal between the buyer and the seller.