ZD Jasper Acquires Development Site At 44-17 Greenpoint Avenue For $16.3M With Meridian Capital Group

The asset involved in this transaction is a development site located at 44-17 Greenpoint Avenue in Long Island City. The sale price was $16,300,000, and the property has a buildable square footage (BSF) of 77,700, resulting in a price per buildable square foot (PPBSF) of $210. In terms of total square footage (SF), the site measures 23,650, leading to a price per square foot (PPSF) of $689.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $16,300,000
• Address: 44-17 Greenpoint Avenue
• Market: Long Island City
• BSF: 77,700
• PPBSF: $210
• SF: 23,650
• PPSF: $689
• Buyer: ZD Jasper
• Broker Representatives: Thomas Donovan, Tommy Lin, Eugene Kim, and Abby Todd - Meridian Capital Group

The transaction included key representatives from Meridian Capital Group. Thomas Donovan, Tommy Lin, Eugene Kim, and Abby Todd played pivotal roles as broker representatives for the buyer, ZD Jasper.