Neel Dvivedi Acquires Development Site In Astoria, Queens For $5.775M

A development site located at 30-33 29th St in Astoria, Queens has been sold for a total price of $5,775,000. The property spans 7,500 square feet and has a price per square foot of $770. The total buildable square footage of the site is 22,647, resulting in a price per buildable square foot of $255.

Summary of transaction details

• Property Type: Development Site
• Sale Price: $5,775,000
• Square Footage: 7,500
• Price per Square Foot: $770
• Buildable Square Footage: 22,647
• Price per Buildable Square Foot: $255

The buyer of the property is Neel Dvivedi, while the sellers are Rita Pennachio and Sia Schatz. The deal was facilitated by brokers Jeremy Ruiz and Greg Kyroglou from Modern Spaces NY, along with Shaun Riney, Sean Fopeano, and Louis Zarif from Marcus & Millichap.

It's worth noting that Jeremy Ruiz and Greg Kyroglou from Modern Spaces NY are experienced in working with buyers interested in both land and multifamily buildings. They can be contacted at [email protected] and [email protected] for further inquiries.