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Simon Vays Acquires Development Site In Hunters Point For $8.4M

501-517 47th Road
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This Development Site property located in NY was sold for $8,400,000 over 3 years ago. The broker of the deal was Ronald "Ron" Solarz

A development site in Hunters Point located at 501-517 47th Rd. has been sold for a total price of $8,400,000. The property, with a building square footage (BSF) of 27,500, was purchased by Simon Vays from the sellers Ronald & David Sloop. The transaction was facilitated by broker Ron Solarz from Newmark. The development site is characterized by its prime location in the Hunters Point market.

Summary of transaction details

  • Property Type: Development site
  • Transaction Amount: $8,400,000
  • Address: 501-517 47th Rd.
  • Market: Hunters Point
  • Buyer: Simon Vays
  • Seller: Ronald & David Sloop
  • Broker: Ron Solarz - @Newmark
  • BSF: 27,500
  • PPBSF: $305

The deal showcased the involvement of key individuals and companies in the transaction. Simon Vays acted as the buyer for the development site, while the sellers, Ronald & David Sloop, successfully closed the deal. The broker representing the transaction was Ron Solarz from Newmark, who played a crucial role in facilitating the sale of the property.

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Deals
  • Location
    501-517 47th Rd, Hunters Point, Queens, NY, USA501-517 47th Rd, Hunters Point, Queens, NY, USA
  • Sale Price
    $8,400,000$8,400,000
    $305 PPSF$305 PPSF
  • Area
    27,500 SF27,500 SF
  • Asset Type
    Development SiteDevelopment Site
  • Parties
    1 Broker, 1 Agency1 Broker, 1 Agency

Agent

Ronald "Ron" Solarz

Ronald "Ron" Solarz

Deals8
Financed$55.2M

Agency

Newmark

Newmark

Agency
Deals3894
Volume$397.4B

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Deal Summary

SALE IMAGE: Ron Solarz DATE: 12/16/2020 ADDRESS: 501-517 47th Rd. MARKET: Hunters Point ASSET TYPE: Development site BUYER: Simon Vays SELLER: Ronald & David Sloop BROKER: Ron Solarz - @Newmark PRICE: $8,400,000 BSF: 27,500 ~ PPBSF: $305

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501-517 47th Road

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