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

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

$17,000,000

$84/SF

Building Size

200,700 SF

Asset Type

Hotel

Closing

Jan 14, 2021

AI

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