Kufakis Group Acquires Mixed-Use Dev Site In Bayside, Queens For $5.3M

A mixed-use development site located at 20117-20125 Northern Boulevard in Bayside, Queens has been sold for a record price of $5,300,000. The property, with a total square footage of 13,770 sf, is situated in the Bayside market of New York. The price per square foot of $385 achieved in this transaction is the highest ever recorded in Bayside, Queens.

Summary of transaction details

• Property Type: Mixed-Use Dev Site
• Transaction Amount: $5,300,000
• Address: 20117-20125 Northern Boulevard, Bayside
• City: New York
• Market: Bayside, Queens
• Square Footage: 13,770 sf
• Price per Square Foot: $385

The seller of the property is Barone Holdings and the buyer is Kufakis Group. The transaction was facilitated by Stephen R. Preuss of @CushWake, representing both parties in the deal.