Sang K. Oh Acquires Dev Site On Queens Boulevard In New York For $9.9M

A development site located at 43-10/24 Queens Boulevard in New York has been sold for $9,900,000. The property spans 8,521 square feet and has a price per square foot of $1,161 or $226 per buildable square foot. The asset, situated in Queens, offers potential for future development with a total of 8 units. The transaction took place on 05/07/2018.

Summary of transaction details:

• Property Type: Dev Site
• Transaction Amount: $9,900,000
• Address: 43-10/24 Queens Boulevard, New York
• City: New York
• Market: Queens
• Square Footage: 8,521 sf
• Price per Square Foot: $1,161 or $226/PPBSF
• Number of Units: 8
• Date: 05/07/2018

The seller of the property was Henry Zheng, while the buyer was Sang K. Oh. The deal was facilitated by a team of brokers comprising Will Suarez, Thomas Donovan, Maurice Suede, Eugene Kim, and Sean Rucker from the Donovan Team. The transaction involved prime retail space with future potential for a 43,700 square foot development site.