ZD Jasper Acquires Development Site At 45-35 Davis Street Long Island City For $24.1M

The development site located at 45-35 Davis Street in Long Island City has been sold for $24,100,000. The asset encompasses a total square footage of 75,000, equating to a price per square foot of $321.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $24,100,000
• Address: 45-35 Davis Street
• Market: Long Island City
• Square Footage: 75,000
• Price Per Square Foot: $321
• Buyer: ZD Jasper
• Seller: Ernie Henick
• Brokers: Jakub Nowak & Matthew Rosenzweig - Marcus & Millichap; Simona Eshaghian & Jonathan Eshaghian - Isaacson Real Estate

The Nowak Group of Marcus & Millichap represented the seller and successfully executed a marketing campaign directed at qualified developers. The collaboration included efforts with Isaacson Corp, resulting in a notable transaction for this block.