Miller Family Sells Development Site In Jamaica, Queens For $46.8M With Ripco Brokers | 89-01 165th Street | Kevin Schmitz, Kevin Louie, Andreas Efthymiou, Stephen R. Preuss Sr. | Development Site | Sale

Summary

Sale

NEW YORK

Development Site

557,468 sqft

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.

Players

All
5

Agents
4
Agencies
1

$597.2M Sold

$655.9M Sold

$695M Sold

Stephen R. Preuss Sr.

Vice Chairman

$1.3B Sold

Ripco

Details

Deal Summary

SOLD

IMAGE: Stephen R. Preuss Sr, Kevin Schmitz, Andreas Efthymiou & Kevin Louie DATE: 10/31/2022 ADDRESS: 89-01 165th Street MARKET: Jamaica, Queens ASSET TYPE: Development Site SELLER: Miller Family BROKERS: Stephen R. Preuss Sr. (@RipcoInvestmentSales), Kevin Schmitz (@Kevin.Schmitz_CRE), Andreas Efthymiou (@Andreas.E_Investment_Sales) & Kevin Louie (@Kevin.Louie_Investment_Sales) - Ripco (@RipcoInvestmentSales) SALE PRICE: $46,800,000 BSF: 557,468 ~ PPBSF: $84

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Address89-01 165th Street

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