Masoud Farhangian & Danny Shirazi Purchase Development Site From Krahn Family For $2.26M In Rego Park

The property asset involved in the transaction is a development site located at 65-71 Booth Street in Rego Park. The sale price was $2,260,000, with a total building square footage of 13,760 and a price per square foot of $164.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $2,260,000
• Buyer: Masoud Farhangian & Danny Shirazi
• Seller: Krahn Family
• Brokers: Mitra Hakimi & Etan Hakimi - Mitra Hakimi Realty Group
• Attorney: Justin Waiser, esq. - William A. Slutsky, P.C.
• Building Square Footage: 13,760
• Price per Building Square Foot: $164

Mitra Hakimi and Etan Hakimi represented the seller, the Krahn Family, in the deal. They successfully secured a non-contingent, AS-IS, all cash transaction and closed within three weeks of contract execution. Additionally, they assisted each of the seller's family members in finding their new homes.