Mordechai Schwimmer Purchases Development Site From Matthew Baron For $28 Million In Long Island City

The asset involved in this transaction is a development site located at 44-68 Vernon Boulevard in Long Island City. The sale price for this property was $28,000,000, and it boasts a building square footage of 103,381 with a price per square foot of $271.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $28,000,000
• Address: 44-68 Vernon Boulevard
• Market: Long Island City
• Building Square Footage: 103,381
• Price per Square Foot: $271
• Buyer: Mordechai Schwimmer
• Seller: Matthew Baron
• Seller's Representatives: Robert Knakal, Genessy Jaramillo & Seth Samowitz - BKREA

The deal was facilitated by the seller's representatives, comprising Robert Knakal, Genessy Jaramillo, and Seth Samowitz from BKREA, who represented Matthew Baron in this transaction involving Mordechai Schwimmer as the buyer.