The property asset involved in this transaction is a development site located at 49-01 5th Street in Long Island City, Queens. The sale price was $2,700,000 with a building size factor of 7,500 square feet, translating to a price per building square foot of $360. The total square footage of the property is 2,500, resulting in a price per square foot of $1,080.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $2,700,000
• Address: 49-01 5th Street
• Market: Long Island City, Queens
• Building Size Factor (BSF): 7,500
• Price per Building Square Foot (PPBSF): $360
• Total Square Footage (SF): 2,500
• Price per Square Foot (PPSF): $1,080
• Seller: Jan Aronson
• Brokers: Donal Flaherty, Tom Reynolds & Karan Khanna - Investment Property Realty Group (IPRG)

The key individuals involved in this deal include Donal Flaherty and Tom Reynolds, who represent the seller Jan Aronson. Additionally, Karan Khanna is also part of the broker team from Investment Property Realty Group (IPRG). The broker team has three additional buildings under contract that are set to close in North Queens.