Andrew Magriplis Acquires Development Site On 3720 Broadway In Astoria For $4.8M From Seller Benny Loria

A development site located at 3720 Broadway in Astoria has been sold for $4,800,000. The property spans 16,000 square feet and has a buildable square footage of 16,000. The sale price per square foot is $300. The transaction involved the sale of 5 units, resulting in a price per unit of $960,000.

Summary of transation details

• Property Type: Development Site
• Transaction Amount: $4,800,000
• Address: 3720 Broadway, Astoria
• Market: Astoria
• Units: 5
• Price per Unit: $960,000
• Buildable Square Footage: 16,000
• Price per Buildable Square Foot: $300

The buyer of the property is Andrew Magriplis, while the seller is Benny Loria. The deal was facilitated by Matt Fotis and Lazarus Apostolidis from Marcus & Millichap.