Shao Group Acquires Development Site In Astoria From Kevin Donnelly For $1.212M

The property asset involved in this transaction is a development site located at 3-06 26th Avenue in Astoria. The sale price for the property was $1,212,000. It encompasses a building square footage of 10,142, translating to a price per building square foot of $119. The site also contains a square footage of 1,350, which results in a price per square foot of $897.

This transaction marks the completion of the fifth parcel sold as part of a five-lot corner assemblage. The buyer, Shao Group, was represented by Josh Goldflam from Highcap Group, while the seller, Kevin Donnelly, was represented by Rodney Nassimian, also from Highcap Group.