Hang Dong Zhang Acquires Development Site At 42-81 Hunter Street Long Island City For $9.75M

The development site located at 42-81 Hunter Street in Long Island City has been sold for a transaction price of $9,750,000. The site spans approximately 4,950 square feet, resulting in a price per square foot of $1,969.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $9,750,000
• Address: 42-81 Hunter Street
• Market: Long Island City
• Square Footage: 4,950
• Price per Square Foot: $1,969
• Buyer: Hang Dong Zhang
• Broker Representatives: Shaun Riney, Sean Fopeano & David Cornejo - Marcus & Millichap

The transaction was facilitated by brokers Shaun Riney, Sean Fopeano, and David Cornejo from Marcus & Millichap. Special thanks were given to counsel Jacob Imir at Sacks & Imir LLP for ensuring a smooth transaction. The NYM Group is currently under contract on an additional +$20,000,000 of Long Island City development sites.