Ampiera Group Acquires Development Site In Sunnyside For $11M

A development site located at 45-02 Queens Blvd. in Sunnyside has been sold for a total of $11,000,000. The property has a buildable square footage (BSF) of 51,000, resulting in a price per buildable square footage (PPBSF) of $215. The transaction took place on 03/30/2022. The buyer of the property is Ampiera Group, while the seller is the Scouras Family. The deal was facilitated by Matt Fotis of Marcus & Millichap.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $11,000,000
• Address: 45-02 Queens Blvd.
• Market: Sunnyside
• BSF: 51,000
• PPBSF: $215

Matt Fotis of Marcus & Millichap represented the buyer, Ampiera Group, in this transaction. The sale of this development site demonstrates the active real estate market in Sunnyside and the continued interest in investment properties in the area.