Jasper Wu Acquires Residential Development Site In Long Island City For $10.9M

The property asset involved in the transaction is a residential development site located at 46-34 11th Street in Long Island City. The sale price of the property was $10,900,000. It encompasses a plot size of 8,125 square feet with a price per square foot of $1,341. The total built square footage is 32,300, which translates to a price per built square foot of $337.

Summary of transaction details:

• Property Type: Residential Development Site
• Transaction Amount: $10,900,000
• Address: 46-34 11th Street
• Market: Long Island City
• Plot Size: 8,125 square feet
• Price per Square Foot: $1,341
• Built Square Footage: 32,300
• Price per Built Square Foot: $337
• Buyer: Jasper Wu
• Seller: James Tack & Alan Braverman
• Seller's Representative: George Margaronis, Decio Baio, David Junik & James Tack - Pinnacle Realty of New York

Key individuals in the deal include the buyer Jasper Wu, along with sellers James Tack and Alan Braverman. The transaction was assisted by a group of representatives from Pinnacle Realty of New York, comprising George Margaronis, Decio Baio, David Junik, and James Tack, who facilitated the sale process.