The development site located at 45-40 Vernon Boulevard in Long Island City was sold in a recent transaction for $47,000,000. The property spans 192,000 square feet with a price per buildable square foot of $245.

Summary of transation details:

• Property Type: Development Site
• Transaction Amount: $47,000,000
• Buyer: ZD Jasper Realty
• Seller: Quadrum Global, Baron Property Group & Simon Development
• Brokers: Brendan Maddigan, Ethan Stanton, Michael Mazzara, Winfield Clifford, Vickram Jambu & Rob Hinckley - JLL

The sale involved ZD Jasper Realty as the buyer and Quadrum Global, Baron Property Group, and Simon Development as the sellers. The brokerage team from JLL representing the deal included Brendan Maddigan, Ethan Stanton, Michael Mazzara, Winfield Clifford, Vickram Jambu & Rob Hinckley, showcasing a collaborative effort in the successful transaction.