Tavros Capital And Charney Companies Acquire Development Site In Long Island City For $68.3M

A development site located at 24-19 Jackson Ave. in Long Island City has been sold for a price of $68,325,000. The property encompasses 267,000 square feet, with a price per square foot of $256. The transaction involved Tavros Capital, represented by Nicholas Silvers, and Charney Companies, represented by Sam Charney, as the buyers. The seller was Toyoko Inn, represented by Maiko Kuroda. The deal was facilitated by brokers Daniel Kaplan and Justin Arzi from CBRE.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $68,325,000
• Address: 24-19 Jackson Ave.
• Market: Long Island City
• Buyer: Tavros Capital - Nicholas Silvers & Charney Companies - Sam Charney
• Seller: Toyoko Inn. - Maiko Kuroda
• Brokers: Daniel Kaplan & Justin Arzi - CBRE
• Square Footage: 267,000
• Price per Square Foot: $256

This transaction presented the opportunity for Tavros Capital and Charney Companies to acquire a development site in the bustling Long Island City market. The sale, facilitated by brokers Daniel Kaplan and Justin Arzi from CBRE, marks a significant investment in the area's real estate sector.