Mike Ma Purchases Development Site In Astoria From Susan Feuer For $5.5 Million

The asset involved in the transaction is a development site located at 27-30 21st Street & 27-28 21st Street in Astoria. The sale price for this property was $5,500,000, with a building size factor of 25,000, resulting in a price per building square foot of $220. The square footage totals 2,000, equating to a price per square foot of $2,750.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $5,500,000
• Building Size Factor: 25,000
• Price per Building Square Foot: $220
• Total Square Footage: 2,000
• Price per Square Foot: $2,750
• Buyer: Mike Ma
• Seller: Susan Feuer
• Broker: Rodney Nassimian - Highcap Group

In this transaction, Mike Ma purchased the property from Susan Feuer. The deal was facilitated by broker Rodney Nassimian from Highcap Group, who can be contacted for further inquiries regarding any development purchases.