Jason Hart Acquires Multi-Family Property In Hunters Point, Queens For $85M
22-22 Jackson Avenue
167,943 SF
Summary
The multi-family property located at 22-22 Jackson Avenue in Hunters Point, Queens has been sold in a recent transaction. The property is situated in an M1-5/R7X, LIC zoning area and offers a total buildable square footage (BSF) of 125,000. With a price of $85,000,000, the price per buildable square footage (PPBSF) is approximately $680. The total square footage (SF) of the property is 167,943, resulting in a price per square footage (PPSF) of around $506.
Summary of Transaction Details
- Property Type: Multi Family
- Transaction Amount: $85,000,000
- Market: Hunters Point, Queens
- Zoning: M1-5/R7X, LIC
- Buyer: Jason Hart
- Seller: Robert Gershon
- BSF: 125,000
- PPBSF: $680
- SF: 167,943
- PPSF: $506
Jason Hart acted as the buyer in this transaction, while Robert Gershon represented the seller. The property has a floor area ratio (FAR) of 6.72 and falls under tax class 2. It sits on a lot size of 25,000 square feet, with dimensions of 100 feet by 250 feet. The previous sale of the property was recorded on 12/14/2016 for a price of $0.
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