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Ampiera Group Acquires Development Site In Sunnyside For $11M

Property Image
SOLD
$11,000,000
Matt Fotis
SF

New York

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Development Site51,000 SF
Sold 03/30/2022
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Property Image
SOLD

Ampiera Group Acquires Development Site In Sunnyside For $11M

45-02 Queens Boulevard

See Similar Deals
Development Site51,000 SF
Sold 03/30/2022
Matt Fotis
SF
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Development Site
Price Per Square Foot:$215
Total Square Footage:51,000 SF
Transaction Type:Sale

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.

Players

Matt Fotis
Marcus & Millichap
Matt Fotis
111 deals$598M volume(212) 430-5234
BROKER
AG
Ampiera Group
BUYER
SF
Scouras Family
2 deals$22M volume
SELLER

Details

SOLD
IMAGE: Matt Fotis DATE: 03/30/2022 ADDRESS: 45-02 Queens Blvd. MARKET: Sunnyside ASSET TYPE: Development Site BUYER: Ampiera Group SELLER: Scouras Family BROKER: Matt Fotis (@FotisMatt) - Marcus & Millichap (@TriboroughMultifamily) SALE PRICE: $11,000,000 BSF: 51,000 ~ PPBSF: $215

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