Yuu Jung Chol Acquires Development Land In Flushing, Queens For $3.3M
189-01 Northern Boulevard
Development Site
6,210 SF
6,210 SF
Sold 1 year ago
Summary
Located at 189-01 Northern Boulevard in Flushing, New York, this development property is situated in the market of Queens. The land spans 10,350 square feet and is zoned for R3-2, allowing for a .6 FAR as-of-right. The recorded price per buildable square foot is $531, setting a new benchmark for the area. The property was sold for $3,300,000, making it an attractive investment opportunity.
Summary of transaction details
- Property Type: Development
- Transaction Amount: $3,300,000
- Lot Size: 10,350 SF
- Zoning: R3-2
- Floor Area Ratio (FAR): 0.6
- Record Price Per Buildable SF: $531
The seller of the property was Barone Properties, while the buyer was Yuu Jung Chol. The transaction was facilitated by Stephen R. Preuss, a broker from CushWake. This successful deal showcases the expertise and negotiation skills of all parties involved.
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189-01 Northern Boulevard
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