Ampiera Group Acquires Development Site In Sunnyside For $11M

A development site located at 4502 Queens Blvd. in Sunnyside has been sold for $11,000,000. The property spans 51,000 square feet and is being bought by Ampiera Group from the Scouras Family. The transaction was facilitated by broker Paul Youssef. The price per buildable square foot (PPBSF) is approximately $215.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $11,000,000
• Address: 4502 Queens Blvd.
• Market: Sunnyside
• Buyer: Ampiera Group
• Seller: Scouras Family
• Broker: Paul Youssef
• BSF: 51,000
• PPBSF: $215

The sale of the development site was brokered by Paul Youssef. The Ampiera Group is the buyer, while the Scouras Family is the seller. This transaction represents a significant investment opportunity in the Sunnyside market.