Miller Family Sells Development Site In Jamaica, Queens For $46.8M With Ripco Brokers

An $46,800,000 development site in Jamaica, Queens has been sold by the Miller Family. The property, located at 89-01 165th Street, has a total square footage of 557,468 and a price per square foot of $84. The transaction took place on October 31, 2022.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $46,800,000
• Address: 89-01 165th Street
• Market: Jamaica, Queens
• Seller: Miller Family
• Brokers: Stephen R. Preuss Sr., Kevin Schmitz, Andreas Efthymiou, and Kevin Louie - Ripco

The deal was facilitated by brokers Stephen R. Preuss Sr., Kevin Schmitz, Andreas Efthymiou, and Kevin Louie, representing Ripco. They played a crucial role in negotiating the sale of the development site in Jamaica, Queens.