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Blue Mountain Capital LLC Acquires Residential Development Site In Astoria For $8.2M

11-35 31st Drive, Astoria
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This Development Site property located in NY was sold for $8,200,000 over 3 years ago. The brokers of the deal were Stephen R. Preuss Sr. and Andreas Efthymiou

An $8,200,000 residential development site located at 11-35 31st Drive in Astoria, Queens, New York has been sold. The property spans 33,982 square feet and has a price per buildable square foot (PPBSF) of $241. The seller, Kenneth Trading Corp. (The Blumenthal Family), sold the property to the buyer, Blue Mountain Capital LLC (Caixai Zhang).

Summary of transaction details:

  • Property Type: Residential Development Site
  • Transaction Amount: $8,200,000
  • Address: 11-35 31st Drive, Astoria
  • City: New York
  • Market: Queens
  • Total Buildable Square Footage (BSF): 33,982 sf
  • Price Per Buildable Square Foot (PPBSF): $241

The deal was facilitated by brokers Stephen R. Preuss & Andreas Efthymiou of Cushman [...].

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Deals
  • Location
    11-35 31st Dr, Queens, NY 11106, USA11-35 31st Dr, Queens, NY 11106, USA
  • Sale Price
    $8,200,000$8,200,000
    $241 PPSF$241 PPSF
  • Area
    33,982 SF33,982 SF
  • Asset Type
    Development SiteDevelopment Site
  • Parties
    2 Brokers, 1 Agency2 Brokers, 1 Agency

Agents

Andreas Efthymiou

Andreas Efthymiou

Deals84
Financed$692.7M

Stephen R. Preuss Sr.

Stephen R. Preuss Sr.

Deals179
Financed$1.3B

Agency

Ripco

Ripco

Agency
Deals629
Volume$4.2B

Deal Summary

IMAGE: Stephen R. Preuss & Andreas Efthymiou ( @teampreuss ) ADDRESS: 11-35 31st Drive, Astoria CITY: New York MARKET: Queens ASSET TYPE: Residential Development Site PRICE: $8,200,000 BSF: 33,982 sf PPBSF: $241 SELLER: Kenneth Trading Corp. (The Blumenthal Family) BUYER: Blue Mountain Capital LLC (Caixai Zhang) BROKER: Stephen R. Preuss & Andreas Efthymiou of Cushman […]

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11-35 31st Drive, Astoria

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