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

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.