@HUBBNYC Acquires Mixed-use Property In Astoria, Queens For $75M

31-57 31st Street, a mixed-use property located in Astoria, Queens, was recently sold for a total price of $75,000,000. The transaction took place on March 13, 2019. The property spans a total of 122,516 square feet, resulting in a price per square foot of $667. The sellers of the property were Mega Contracting Group, Treeline Companies, and Glenmont Capital, while the buyer was @HUBBNYC. The deal was facilitated by Hall Oster, Bob Knakal, Stephen Palmese, Jonathan Hageman, George D’Ambrosio, Teddy Galligan, and Tim OBrien of JLL.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $75,000,000
• Address: 31-57 31st Street
• Market: Astoria, Queens
• Square Footage: 122,516
• Price per Square Foot: $667
• Seller: Mega Contracting Group, Treeline Companies, Glenmont Capital
• Buyer: @HUBBNYC
• Brokers: Hall Oster, Bob Knakal, Stephen Palmese, Jonathan Hageman, George D’Ambrosio, Teddy Galligan, Tim OBrien @JLL

The involved parties in this deal include various key individuals and companies. The sellers, Mega Contracting Group, Treeline Companies, and Glenmont Capital, collectively sold the property to the buyer, @HUBBNYC. The transaction was facilitated by a team of brokers from JLL, namely Hall Oster, Bob Knakal, Stephen Palmese, Jonathan Hageman, George D’Ambrosio, Teddy Galligan, and Tim OBrien. These individuals played a crucial role in successfully closing the deal for the mixed-use property in Astoria, Queens.