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David Cruz Acquires Development Site At 8-48 Astoria Boulevard From Cortazar Family For $2.75M

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SOLD
$2,750,000

New York

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Development Site5,443 SF
Sold
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Property Image
SOLD

David Cruz Acquires Development Site At 8-48 Astoria Boulevard From Cortazar Family For $2.75M

8-48 Astoria Boulevard

See Similar Deals
Development Site5,443 SF
Sold
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Development Site
Price Per Square Foot:$505
Total Square Footage:5,443 SF
Transaction Type:Sale

The asset involved in this transaction is a development site located at 8-48 Astoria Boulevard in the Astoria market. The transaction price was $2,750,000, with a building square footage (BSF) of 16,572, resulting in a price per building square foot (PPBSF) of $166. The site has a total square footage (SF) of 5,443, which translates to a price per square foot (PPSF) of $505.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $2,750,000
  • Building Square Footage: 16,572
  • Price per Building Square Foot: $166
  • Total Square Footage: 5,443
  • Price per Square Foot: $505
  • Buyer: David Cruz
  • Seller: Cortazar Family
  • Broker: Alexandre Goulet - Landair Advisors

The property was acquired through a court-ordered bankruptcy auction held in 2024. The new ownership has completed all due diligence, including Phase I and survey work, and is now presenting the asset as a clean, vacant development opportunity.

Players

Alexandre (Alex) Goulet
Landair Advisors
Alexandre Goulet
44 deals$161.2M volume
BROKER

Details

SOLD
IMAGE: Alexandre Goulet DATE: 2/26/2026 ADDRESS: 8-48 Astoria Boulevard MARKET: Astoria ASSET TYPE: Development Site BUYER: David Cruz SELLER: Cortazar Family BROKER: Alexandre Goulet - Landair Advisors (@LandairAdvisors) SALE PRICE: $2,750,000 BSF: 16,572 ~ PPBSF: $166 SF: 5,443 ~ PPSF: $505 NOTE FROM BROKER: The property was acquired through a court-ordered bankruptcy auction held in 2024. The new ownership has since completed all due diligence, including Phase I and survey work, and is now offering the asset back to the market as a clean, vacant development opportunity. For more information: 212-920-7658 [email protected]

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