SOLD
Sam Chang Acquires Hotel Dev Site With Approved Plans In Long Island City For $6.5M
38-15 9th Street
Development Site
499,170 SF
499,170 SF
Sold 1 year ago
Summary
Sale
NEW YORK
Development Site
499,170 sqft
Sam Chang has acquired a hotel development site with approved plans in Long Island City, Queens. The property, located at 38-15 9th Street, was sold for a price of $6,500,000. The site has a total buildable area of 49,917 square feet, resulting in a price per square foot of $130.
Summary of transaction details:
- Property Type: Hotel Development Site
- Transaction Amount: $6,500,000
- Address: 38-15 9th Street, Long Island City, New York
- Market: Queens
- Buildable Square Footage: 49,917 sf
- Price per Square Foot: $130
The seller of the property was Meny Chukroon. Sam Chang, a prominent figure in the real estate industry, represented himself as the buyer in this deal. Cushman & Wakefield, led by Stephen R. Preuss, acted as the broker for the transaction.
Players
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2
Agents
1
Agencies
1
Details
SOLD
IMAGE: Sam Chang and Stephen R. Preuss
DATE: 06/06/2018
ADDRESS: 38-15 9th Street, Long Island City
CITY: New York
MARKET: Queens
ASSET TYPE: Hotel Dev Site With Approved Plans
PRICE: $6,500,000
BSF: 49,917 sf
PPBSF: $130
SELLER: Meny Chukroon
BUYER: Sam Chang
BROKER: Cushman & Wakefield – Stephen R. PreussView on map
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Address38-15 9th Street
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