A development site in Willets Point, Queens, was sold for $282,000,000. The transaction involves a portion of the Mets parking lot acquired by the buyers, Steven Cohen and Hard Rock International, through Queens Future, LLC. The sale incurred $1,800,000 in state transfer taxes as part of a significant project aimed at creating an $8 billion Metropolitan Park casino and entertainment venture in the area.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $282,000,000
• Buyer: Steven Cohen & Hard Rock International
• Seller: City of New York
• State Transfer Taxes Paid: $1,800,000
• Project Value: $8 billion

This transaction was facilitated by representatives from both sides. The City of New York sold the property, while Steven Cohen and Hard Rock International aimed to develop an expansive entertainment project that includes a casino, enhancing the utility of the property acquired from the city, which is part of the broader development strategy for Willets Point.