Riva Mushiyeva Acquires Development Site In Queens Village For $2.85M

A development site located at 21480-21502 Jamaica Avenue in Queens Village has been sold for a price of $2,850,000. The property, spanning approximately 19,976 square feet, was acquired by Riva Mushiyeva from the seller, Frank Festa. The transaction was facilitated by brokers Stephen R. Preuss Sr. & Andreas Efthymiou.

Summary of transation details

• Property Type: Development Site
• Transaction Amount: $2,850,000
• Address: 21480-21502 Jamaica Avenue, Queens Village
• Market: Queens Village
• Buyer: Riva Mushiyeva
• Seller: Frank Festa
• Brokers: Stephen R. Preuss Sr. & Andreas Efthymiou
• BSF: 19,976
• PPBSF: $142

The successful sale of this development site demonstrates the thriving real estate market in Queens Village. Riva Mushiyeva seized the opportunity to acquire this valuable asset, supported by brokers Stephen R. Preuss Sr. & Andreas Efthymiou. The transaction further signifies the strong demand for development sites in the area.