Witkoff & Birnbaum Families Sell Development Site On Broadway, Astoria For $11.1M

Located at 47-07 Broadway in Astoria, New York City, this development site has recently been sold in a closed transaction. The property spans a total of 55,000 square feet, making it suitable for further development. The sale price for this site was $11,100,000, marking the first sale in over 52 years of ownership by the Witkoff & Birnbaum Families. The transaction was facilitated by Josh Goldflam of Highcap Group, who represented the seller in this deal.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $11,100,000
• Address: 47-07 Broadway, Astoria
• Market: New York City
• Asset Type: Development Site
• Building Square Footage: 55,000

This prominent development site was sold by the Witkoff & Birnbaum Families after more than half a century of ownership. Josh Goldflam of Highcap Group represented the seller in this transaction, showcasing his expertise in navigating such deals in the New York City market.