Mike Sandhu Acquires Development Site In Jamaica, Queens For $4.35M

A development site located at 143-08 94th Avs in Jamaica, Queens has been sold in a closed transaction. The property, measuring 60' wide, was sold for a sale price of $4,350,000. Being a development site, it offers great potential for future construction projects. The property boasts a total buildable square footage (BSF) of 30,033, which translates to a price per buildable square footage (PPBSF) of $145.

Summary of transaction details

• Property Type: Development Site
• Asking Price: $4,500,000
• Sale Price: $4,350,000
• Address: 143-08 94th Avs, Jamaica, Queens
• Market: Jamaica, Queens
• BSF: 30,033
• PPBSF: $145

The seller of the development site was Moises Alvarado, while the buyer was Mike Sandhu. The transaction was facilitated by the brokers Thomas A. Donovan and Christoffer Brodhead of B6 Real Estate Advisors.