Development Site Advisors Facilitates $31 Million Sale Of Development Site In Astoria

The property asset involved in this transaction is located at 47-01 Northern Boulevard in the Astoria market. The sale price for this development site was $31,000,000, with a built square footage (BSF) of 149,856, resulting in a price per built square foot (PPBSF) of $206. The total square footage (SF) is 22,630, equating to a price per square foot (PPSF) of $1,369.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $31,000,000
• Address: 47-01 Northern Boulevard
• Market: Astoria
• BSF: 149,856
• PPBSF: $206
• SF: 22,630
• PPSF: $1,369

Rubin Isak from Development Site Advisors represented the transaction, providing insights into how brokers can focus on relationships and closings while leveraging their expertise in handling back-office operations.