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Maggie Wen Acquires Development Site In Flushing, Queens For $3.44M

45-29, 45-31, 45-33 162nd Street
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This Development Site property located in NY was sold for $3,440,000 almost 5 years ago.

A development site located at 45-29, 45-31, 45-33 162nd St in Flushing, Queens has been sold. The property spans 30,000 square feet and has a buildable square footage (BSF) of 30K. The asking price for the site was $4,000,000, and it was ultimately sold for $3,440,000. This translates to a price per buildable square foot (PPBSF) of $114. The transaction took place on 05/24/2019.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $3,440,000
  • Address: 45-29, 45-31, 45-33 162nd St, Flushing, Queens
  • Market: Flushing, Queens
  • Buildable Square Footage: 30K
  • Asking Price: $4,000,000
  • Price Per Buildable Square Foot: $114

The seller of the development site was John Delguidice, while the buyer was Maggie Wen. The transaction was facilitated by brokers Ryan Lai and Mike Kerwin from Rosewood Realty Group NY.

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Deals
  • Location
    45-33 162nd St, Flushing, NY 11358, USA45-33 162nd St, Flushing, NY 11358, USA
  • Sale Price
    $3,440,000$3,440,000
    $11 PPSF$11 PPSF
  • Area
    300,000 SF300,000 SF
  • Asset Type
    Development SiteDevelopment Site

Deal Summary

IMAGE: Maggie Wen, Mike Kerwin and Ryan Lai DATE: 05/24/2019 ADDRESS: 45-29, 45-31, 45-33 162nd St MARKET: Flushing, Queens ASSET TYPE: Development Site ASKING PRICE: $4,000,000 SALE PRICE: $3,440,000 BSF: 30K PPBSF: $114 SELLER: John Delguidice BUYER: Maggie Wen BROKERS: Ryan Lai, Mike Kerwin @RosewoodRealtyGroupNY

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