Silverstein Properties Acquires Development Site In Long Island City, Queens For $39.75M | 44-01 Northern Boulevard | Ethan Stanton, Brendan Maddigan, Stephen Palmese, Michael Mazzara, Winfield Clifford | Development Site | Sale

Summary

Sale

NEW YORK

Development Site

300,000 sqft

Larry Silverstein's Silverstein Properties has acquired a development site in Long Island City, Queens for $39,750,000. The property is located at 44-01 Northern Boulevard.

Summary of transaction details

Property Type: Development Site
Transaction Amount: $39,750,000
Buyer: Silverstein Properties
Seller: Bruce Bendell

The deal was facilitated by JLL brokers Brendan Maddigan, Ethan Stanton, Stephen Palmese, Michael Mazzara, and Winfield Clifford. This acquisition adds to Silverstein Properties' portfolio in the Long Island City market.

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Players

Agents
5

Agencies
1

$2.1B Sold

$2.7B Sold

$2.4B Sold

$1.7B Sold

$1.7B Sold

Details

Deal Summary

SOLD

IMAGE: Larry Silverstein, David Marks, Brendan Maddigan, Ethan Stanton, Stephen Palmese, Winfield Clifford & Michael Mazzara DATE: 11/02/2021 ADDRESS: 44-01 Northern Boulevard MARKET: Long Island City, Queens ASSET TYPE: Development Site BUYER: @SilversteinProperties SELLER: Bruce Bendell BROKERS: Brendan Maddigan (@BrendanMaddigan), Ethan Stanton, Stephen Palmese (@StephenPalmese), Michael Mazzara & Winfield Clifford - JLL SALE PRICE: $39,750,000 BSF: 300,000 ~ PPBSF: $132

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Address44-01 Northern Boulevard

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