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Simranjeet Singh Acquires Development Site In Jamaica, Queens For $1,025,000

166-11 91St Avenue
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This Development Site property located in NY was sold for $1,025,000 about 3 years ago. The brokers of the deal were Kevin Schmitz, Stephen R. Preuss Sr., and Charlie Dupont

A development site located at 166-11 91st Avenue in Jamaica, Queens was recently sold for a price of $1,025,000. The property, which is marked as a development site, spans a total of 17,380 square feet. The buyer in this transaction was Simranjeet Singh, while the seller was the Estate of Ruth Andrade. The deal was facilitated by the broker team of Stephen R. Preuss, Kevin Schmitz, and Charlie DuPont from Cushman & Wakefield.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $1,025,000
  • Address: 166-11 91st Avenue
  • Market: Jamaica, Queens
  • Buyer: Simranjeet Singh
  • Seller: Estate of Ruth Andrade
  • Brokers: Stephen R. Preuss, Kevin Schmitz & Charlie DuPont - Cushman & Wakefield

The purchase of this development site in Jamaica, Queens was completed on 03/10/2021. The acquisition was led by Simranjeet Singh, representing the buyer, and the Estate of Ruth Andrade, representing the seller. The transaction was handled by the broker team of Stephen R. Preuss, Kevin Schmitz, and Charlie DuPont from Cushman & Wakefield.

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Deals
  • Location
    166-11 91st Avenue, Jamaica, Queens County, NY, USA166-11 91st Avenue, Jamaica, Queens County, NY, USA
  • Sale Price
    $1,025,000$1,025,000
    $59 PPSF$59 PPSF
  • Area
    17,380 SF17,380 SF
  • Asset Type
    Development SiteDevelopment Site
  • Parties
    3 Brokers, 1 Agency3 Brokers, 1 Agency

Agents

Kevin Schmitz

Kevin Schmitz

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Sold$594.9M

Charlie Dupont

Charlie Dupont

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Sold$19.7M

Stephen R. Preuss Sr.

Stephen R. Preuss Sr.

Deals179
Financed$1.3B

Agency

Ripco

Ripco

Agency
Deals629
Volume$4.2B

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Deal Summary

[embed] SALE IMAGE: Charlie DuPont, Stephen R. Preuss & Kevin Schmitz DATE: 03/10/2021 ADDRESS: 166-11 91St Avenue MARKET: Jamaica, Queens ASSET TYPE: Development Site BUYER: Simranjeet Singh SELLER: Estate of Ruth Andrade BROKERS: Stephen R. Preuss, Kevin Schmitz & Charlie DuPont @TeamPreuss - Cushman & Wakefield SALE PRICE: $1,025,000 BSF: 17,380 ~ PPBSF: $60

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166-11 91St Avenue

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