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Chris Jiashu Xu Acquires Development Site In New York City For $70M With Brokers From JLL

Property Image
SOLD
$70,000,000
Robert (Bob) Knakal
Jonathan (Jon) Hageman
Ethan Stanton
+ 5

New York

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Development Site669,878 SF
Sold 05/19/2023
the dealplayerscompscontact
Property Image
SOLD

Chris Jiashu Xu Acquires Development Site In New York City For $70M With Brokers From JLL

93-30 93rd St, Rego Park, NY 11374

See Similar Deals
Development Site669,878 SF
Sold 05/19/2023
Robert (Bob) Knakal
Jonathan (Jon) Hageman
Ethan Stanton
+ 5
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Development Site
Price Per Square Foot:$104
Total Square Footage:669,878 SF
Transaction Type:Sale

A development site located at 93-30 93rd Street in New York City has been sold for a total price of $70,000,000. The property spans approximately 669,878 square feet, resulting in a price per square foot of $104. The transaction took place on May 19, 2023, with Vornado as the seller and Chris Jiashu Xu as the buyer.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $70,000,000
  • Square Footage: 669,878
  • Price Per Square Foot: $104
  • Address: 93-30 93rd Street
  • Market: New York City

The deal was facilitated by several brokers from JLL, including Brendan Maddigan, Ethan Stanton, Stephen Palmese, Michael Mazzara, Winfield Clifford, Robert Knakal, and Jonathan (Jon) Hageman. Chris Jiashu Xu represented the buyer in this transaction.

Players

Brendan Maddigan
JLL
Brendan Maddigan
126 deals$4.7B volume(508) 733-8445
BROKER
Ethan Stanton
JLL
Ethan Stanton
134 deals$6.2B volume(516) 790-7718
BROKER
Jonathan (Jon) Hageman
JLL
Jonathan Hageman
60 deals$2.6B volume(212) 812-5995
BROKER
Robert (Bob) Knakal
BKREA
Robert Knakal
65 deals$3.4B volume(907) 509-9501
BROKER
Winfield Clifford
JLL
Winfield Clifford
75 deals$2.6B volume(212) 376-5443
BROKER
Michael Mazzara
JLL
Michael Mazzara
112 deals$3.9B volume(212) 376-5450
BROKER
Stephen Palmese
JLL
Stephen Palmese
84 deals$3.3B volume(212) 376-1228
BROKER
Vornado Realty Trust
Vornado Realty Trust
BROKERAGE
CX
Chris Jiashu Xu
22 deals$655.9M volume
BUYER
Vornado Realty Trust
Vornado Realty Trust
SELLER

Details

SOLD
IMAGE: Brendan Maddigan, Ethan Stanton, Stephen Palmese, Michael Mazzara, Chris Jiashu Xu, Winfield Clifford, Robert Knakal & Jonathan Hageman DATE: 05/19/2023 ADDRESS: 93-30 93rd Street MARKET: New York City ASSET TYPE: Development Site BUYER: Chris Jiashu Xu SELLER: Vornado BROKERS: Brendan Maddigan, Ethan Stanton, Stephen Palmese, Michael Mazzara, Winfield Clifford, Robert Knakal & Jonathan (Jon) Hageman - JLL (@JLL) SALE PRICE: $70,000,000 SF: 669,878 ~ PPSF: $104

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