A development site in Hunters Point located at 501-517 47th Rd. has been sold for a total price of $8,400,000. The property, with a building square footage (BSF) of 27,500, was purchased by Simon Vays from the sellers Ronald & David Sloop. The transaction was facilitated by broker Ron Solarz from Newmark. The development site is characterized by its prime location in the Hunters Point market.

Summary of transaction details

• Property Type: Development site
• Transaction Amount: $8,400,000
• Address: 501-517 47th Rd.
• Market: Hunters Point
• Buyer: Simon Vays
• Seller: Ronald & David Sloop
• Broker: Ron Solarz - @Newmark
• BSF: 27,500
• PPBSF: $305

The deal showcased the involvement of key individuals and companies in the transaction. Simon Vays acted as the buyer for the development site, while the sellers, Ronald & David Sloop, successfully closed the deal. The broker representing the transaction was Ron Solarz from Newmark, who played a crucial role in facilitating the sale of the property.