Tien Vominh Acquires Development Site In Long Island City For $9.5M

The development site located at 45-31 Davis St in Queens, Long Island City has recently been sold in a closed transaction. The property spans across 8,100 square feet with a buildable square footage of 41,500. The sale price for this development site was $9,500,000, resulting in a price per square foot of $1,172 and a price per buildable square foot of $228.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $9,500,000
• Square Footage: 8,100
• Buildable Square Footage: 41,500
• Price Per Square Foot: $1,172
• Price Per Buildable Square Foot: $228
• Market: Queens, Long Island City

In this deal, the seller of the property was the Chalpin Family, while the buyer was Tien Vominh represented by Ascent Development. The transaction was facilitated by brokers Jonathan Eshaghian and Jakub Nowak.

Please note that the sale of 45-31 Davis St marks the successful completion of the transaction.