Eastone Capital Partners Acquires Mixed-Use Development Site In Queens For $23M

A mixed-use development site located at 141-57 Northern Boulevard in New York, Queens has been sold for a price of $23,000,000. The property spans over 67,989 square feet and has a price per buildable square foot (PPBSF) of $338. The seller of the property was the Local 14 International Union of Operating Engineers, represented by Edwin Christian and Christopher T. Confrey. The buyer of the property was Eastone Capital Partners.

Summary of transaction details

• Property Type: Mixed-Use Development Site
• Transaction Amount: $23,000,000
• Address: 141-57 Northern Boulevard, New York, Queens
• Market: Queens
• Buildable Square Footage (BSF): 67,989 sf
• Price per Buildable Square Foot (PPBSF): $338

The deal was facilitated by Stephen R. Preuss, Stephen P. Palmese, Edwin Christian, and Christopher T. Confrey. They were acting as representatives for the seller, Local 14 International Union of Operating Engineers. The buyer, Eastone Capital Partners, was represented by their own broker.