Mikhail Kozin And Partners Acquire Development Site In Astoria For $4.225M With Broker Alexandre Goulet

The development site located at 31-15 14th Street & 31-11 14th Street in the Astoria market was sold for $4,225,000. The total building square footage (BSF) is 15,200, resulting in a price per buildable square foot (PPBSF) of $278. The property spans 7,600 square feet, reflecting a price per square foot (PPSF) of $556.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $4,225,000
• Buyer: Mikhail Kozin, Vadym Katriuk, Zakaria Raouf, Alex Davydov, Tony Rauf, Khachatur Pepoyan & Khachatur Pepoyan
• Seller: Ecklond Properties
• Broker: Alexandre Goulet - Landair Advisors
• Building Square Footage: 15,200
• Price per Buildable Square Foot: $278
• Square Footage: 7,600
• Price per Square Foot: $556

The buyer group, consisting of multiple individuals, intends to develop a 6-story boutique condominium featuring 23 residential units including 3 duplexes and 2 penthouses. The planned project will incorporate 8 parking spaces, an elevator, a rooftop, a fitness center, a residents’ lounge, and a modern lobby/mail area.