Sheng Wang Acquires Development Site At 37-31 29th Street Long Island City For $3.7M

The property asset involved in the transaction is a development site located at 37-31 29th Street in Long Island City. The sale price for this asset was $3,700,000, with a building square footage (BSF) of 24,000 and a price per building square foot (PPBSF) of $154. The total square footage (SF) is 4,680, and the price per square foot (PPSF) is $790.

Summary of transation details:

• Property Type: Development Site
• Transaction Amount: $3,700,000
• Address: 37-31 29th Street
• Market: Long Island City
• BSF: 24,000
• PPBSF: $154
• SF: 4,680
• PPSF: $790
• Buyer: Sheng Wang
• Seller: Sally Goldreyer
• Buyer's Representative: Steven Yi Qiao - Lin Pan Realty
• Seller's Representatives: James Ege, Decio Baio & Paul Bralower - Pinnacle Realty of New York

The deal involved key individuals including the buyer Sheng Wang and seller Sally Goldreyer, each represented by their respective brokers. The buyer's interests were managed by Steven Yi Qiao of Lin Pan Realty while the seller was represented by a team of three brokers, James Ege, Decio Baio, and Paul Bralower from Pinnacle Realty of New York.