Jerome Yuan Acquires Development Site In East Elmhurst For $17M

A development site located at 102-05 Ditmars Blvd in East Elmhurst, sold for a price of $17,000,000. The property is zoned as C4-2/R6 and has a total square footage (BSF) of 280,886. The buyer of the property was Jerome Yuan, while the seller was Marc Gordon. The transaction was facilitated by broker Stephen R. Preuss from Team Preuss at CushWake.

Summary of Transaction Details:

• Property Type: Development site
• Transaction Amount: $17,000,000
• Address: 102-05 Ditmars Blvd
• Market: East Elmhurst
• Zoning: C4-2/R6
• Buyer: Jerome Yuan
• Seller: Marc Gordon
• Broker: Stephen R. Preuss - CushWake
• Total Square Footage (BSF): 280,886
• Price per Square Foot (PPBSF): $60

Stephen R. Preuss from Team Preuss at CushWake represented both the buyer and the seller in this transaction. The property at 102-05 Ditmars Blvd presents a significant development opportunity in East Elmhurst.