SOLD
Storage Deluxe Acquires Covered-Land Play In Bayside, New York For $9.7M
21501-21511 42nd Avenue, Bayside
Other
45,000 SF
45,000 SF
Sold 1 year ago
Summary
Sale
NEW YORK
Other
45,000 sqft
The property located at 21501-21511 42nd Avenue in Bayside, New York is a covered-land play with future development potential. The asset consists of a 45,000 square foot lot with C8-1 zoning and a 1.0 FAR as-of-right buildable. The purchase price for this property was $9,700,000, resulting in a price per buildable square foot of $215. The property is situated in the Queens market.
Summary of transaction details
- Property Type: Covered-Land Play / Future Development
- Transaction Amount: $9,700,000
- Lot Size: 45,000 SF
- Zoning: C8-1
- FAR: 1.0
- Price per Buildable Square Foot: $215
- Market: Queens
The seller of the property was the Ash Family, while the buyer was Storage Deluxe represented by Steve Novenstein. The broker involved in the transaction was Stephen R. Preuss.
Players
All
2
Agents
1
Agencies
1
Details
SOLD
IMAGE: Stephen R. Preuss @TeamPreuss
ADDRESS: 21501-21511 42nd Avenue, Bayside
CITY: New York
MARKET: Queens
ASSET TYPE: Covered-Land Play / Future Development
PRICE: $9,700,000
LOT: 45,000 SF / C8-1 Zoning / 1.0 FAR As-of-Right BUILDABLE
SF: 45,000 ~ PPBSF: $215
CAP Rate: 2.8%
SELLER: Ash Family
BUYER: Storage Deluxe – Steve Novenstein
BROKER: Stephen R. Preuss […]View on map
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Address21501-21511 42nd Avenue, Bayside
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