Alexander's Inc. - Vornado Realty Trust Acquires Development Site In Queens, New York For $71M

An under contract development site in Queens, New York is set to be sold for a price of $71,000,000. The property, located at 93-30 93rd Ave, encompasses a total of 670,000 square feet with a price per buildable square foot (PPBSF) of $106. Alexander's Inc., a subsidiary of Vornado Realty Trust Company, is the seller in this transaction.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $71,000,000
• Address: 93-30 93rd Ave
• Market: Queens, New York
• Total Square Footage: 670,000
• Price Per Buildable Square Foot (PPBSF): $106
• Seller: Alexander's Inc. - Vornado Realty Trust Company

The deal involves Alexander's Inc., a subsidiary of Vornado Realty Trust Company, as the seller. Steven Roth and Haim Chera are pictured in the accompanying image and likely represent the interests of the buyer or developer. The expected closing date of this transaction is on March 9, 2023.