SOLD
Amit Veeramachaneni Acquires Development Site In Long Island City For $1.845M
45-38 Pearson Street
Development Site
6,250 SF
6,250 SF
Summary
Sale
NEW YORK
Development Site
6,250 sqft
A development site located at 45-38 Pearson St. in Long Island City has been sold for a price of $1,845,000. The site has a lot size of 12.5 ft x 100 ft (1,250 SF) and is zoned as M1-5/R7-3. This transaction was completed on 10/16/2020.
Summary of transaction details
- Property Type: Development site
- Sale Price: $1,845,000
- Building Square Footage: 6,250
- Price per Square Foot: $295
- Address: 45-38 Pearson St., Long Island City
- Market: Long Island City
- Buyer: Amit Veeramachaneni
- Seller: David Halloran
- Brokers: Jakub Nowak & Jonathan Eshaghian from The Nowak Group - Marcus & Millichap
- Lot Size: 12.5 ft x 100 ft (1,250 SF)
- Contact: Jonathan Eshaghian at 718-475-4379 to evaluate your property or development site.
This sale at $295 per square foot completes an assemblage of eight tax lots for a total of 101,000 building square footage. This indicates a potentially lucrative development opportunity in the area.
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Details
SOLD
IMAGE: Jakub Nowak & Jonathan Eshaghian
DATE: 10/16/202
ADDRESS: 45-38 Pearson St.
MARKET: Long Island CIty
ASSET TYPE: Development site ~ ZONING: M1-5/R7-3
BUYER: Amit Veeramachaneni
SELLER: David Halloran
BROKERS: Jakub Nowak & Jonathan Eshaghian - @The_Nowak_Group - Marcus & Millichap
SALE PRICE: $1,845,000
BSF: 6,250 ~ PPBSF: $295
LOT SIZE: 12.5 ft x 100 ft (1,250 SF)
NOTE: This sale at $295/BSF completes an assemblage of eight tax lots for 101,000 BSF.
Contact Jonathan Eshaghian at 718-475-4379 to evaluate your property or development site.View on map
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Address45-38 Pearson Street
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