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Jerome Yuan Acquires Development Site In East Elmhurst For $17M

Property Image
SOLD
$17,000,000
KC Patel
Nikhil Chuchra
Kevin Davis
+ 2

New York

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Hotel200,700 SF
Sold 01/15/2021
the dealplayerscompscontact
Property Image
SOLD

Jerome Yuan Acquires Development Site In East Elmhurst For $17M

102-05 Ditmars Blvd, East Elmhurst, NY, USA

See Similar Deals
Hotel200,700 SF
Sold 01/15/2021
KC Patel
Nikhil Chuchra
Kevin Davis
+ 2
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Hotel
Price Per Square Foot:$84
Total Square Footage:200,700 SF
Transaction Type:Sale

A development site located at 102-05 Ditmars Blvd in East Elmhurst, sold for a price of $17,000,000. The property is zoned as C4-2/R6 and has a total square footage (BSF) of 280,886. The buyer of the property was Jerome Yuan, while the seller was Marc Gordon. The transaction was facilitated by broker Stephen R. Preuss from Team Preuss at CushWake.

Summary of Transaction Details:

  • Property Type: Development site
  • Transaction Amount: $17,000,000
  • Address: 102-05 Ditmars Blvd
  • Market: East Elmhurst
  • Zoning: C4-2/R6
  • Buyer: Jerome Yuan
  • Seller: Marc Gordon
  • Broker: Stephen R. Preuss - CushWake
  • Total Square Footage (BSF): 280,886
  • Price per Square Foot (PPBSF): $60

Stephen R. Preuss from Team Preuss at CushWake represented both the buyer and the seller in this transaction. The property at 102-05 Ditmars Blvd presents a significant development opportunity in East Elmhurst.

Players

Kevin Davis
JLL
Kevin Davis
22 deals$3B volume
BROKER
Stephen R. Preuss Sr.
Ripco
Stephen R. Preuss Sr.
259 deals$2B volume(718) 663-2639
BROKER
KC Patel
JLL
KC Patel
3 deals$193.5M volume
BROKER
Nikhil Chuchra
JLL
Nikhil Chuchra
2 deals$103.5M volume
BROKER
MG
Marc Gordon
3 deals$36.6M volume
SELLER

Details

SOLD
IMAGE: Stephen R. Preuss DATE: 01/15/2021 ADDRESS: 102-05 Ditmars Blvd MARKET: East Elmhurst ASSET TYPE: Development site ~ ZONING C4-2/R6 BUYER: Jerome Yuan SELLER: Marc Gordon BROKER: Stephen R. Preuss @TeamPreuss @CushWake PRICE: $17,000,000 BSF: 280,886 ~ PPBSF: $60

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