Simranjeet Singh Acquires Development Site In Jamaica, Queens For $3.4M

A development site located at 95-25/31 Waltham Street in Jamaica, Queens, has been sold for a price of $3,415,000. The property spans a total of 40,090 square feet, resulting in a price per square foot of $85. The transaction took place on January 4, 2023. The property was sold with approved plans and is eligible for the Affordable NY program.

Summary of transaction details

• Property Type: Dev Site
• Transaction Amount: $3,415,000

The buyer of the property is Simranjeet Singh, while Jay Lau is the seller. The brokers involved in the deal were Stephen R. Preuss Sr., Kevin Louie, Kevin Schmitz, and Andreas Efthymiou from Ripco.