Osher Niyazov Acquires Development Site In Rego Park For $9.475M With Cushman & Wakefield

The property involved in the transaction is a development site located at 97-10 63rd Road in the Rego Park market. The sale price for this asset was $9,475,000, with a building square footage (BSF) of 44,300, resulting in a price per building square foot (PPBSF) of $214. The property also offers a total square footage (SF) of 19,990, translating to a price per square foot (PPSF) of $474.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $9,475,000
• BSF: 44,300
• PPBSF: $214
• SF: 19,990
• PPSF: $474
• Buyer: Osher Niyazov
• Brokers: Dylan Walsh, Jonathan Schindler & Nick Kolbus - Cushman & Wakefield

This transaction was facilitated by brokers Dylan Walsh, Jonathan Schindler, and Nick Kolbus, representing the buyer, Osher Niyazov, in the deal. The involvement of Cushman & Wakefield as the brokerage firm highlights the professional representation in this property sale.