Hui Ling Huang, Qin Hui He & Enyeda Montalvan Acquire Development Site In Staten Island For $3.365M

The development site located at 501, 505 & 509 Gower St. in Staten Island has been sold for a total price of $3,365,000. The property, which spans 10,500 square feet, was acquired by Hui Ling Huang, Qin Hui He, and Enyeda Montalvan from the seller, Naso Organization. The transaction was facilitated by Ron Molcho and Maurice Molcho of Molcho Realty Group, who represented the seller in the deal. The purchase price equates to a price per buildable square foot of $320.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $3,365,000
• Address: 501, 505 & 509 Gower St.
• Market: Staten Island

Ron Molcho and Maurice Molcho, brokers from Molcho Realty Group, played an integral role in this transaction. They worked closely with their client, Naso Organization, to achieve profitable goals within an 18-month time frame. The Molchos are actively seeking land and development sites in the New York and New Jersey markets. For more information, contact Ron Molcho directly at 917-531-1100.