A development site located at 45-24 Pearson Street and 45-25 Davis Street in Long Island City's Hunters Point neighborhood has been sold for a price of $6,450,000. The property consists of a two-story and single-story warehouse on a 4,300 square foot lot. The sale was facilitated by brokers Jonathan Eshaghian and Jakub Nowak. The market value of the asset is emphasized by its M1-5/R7-3 zoning and the fact that neighboring properties have been sold to the same buyers in the past.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $6,450,000
• Address: 45-24 Pearson Street & 45-25 Davis Street, Long Island City, Hunters Point
• Market: LIC, Hunters Point
• Brokers: Jonathan Eshaghian & Jakub Nowak

The property was sold by Sina Asta and purchased by Tien Vominh and Amit Veeramachaneni. This transaction marks the second time the buyers have acquired a property from the same team, as they had previously purchased 45-30 Pearson. Additionally, the buyers currently have a contract in place for the neighboring property, 45-31 Davis Street.