SOLD
Grubb Properties Opportunity Zone Fund Acquires Development Site In Long Island City For $63M
25-01 Queens Plaza North
Development Site
239,000 SF
239,000 SF
Sold 1 year ago
Summary
Sale
NEW YORK
Development Site
239,000 sqft
A development site located at 25-01 Queens Plaza North in Long Island City has been sold for a price of $63,000,000. The buyer of the property is Grubb Properties Opportunity Zone Fund, represented by Clay Grubb. The seller includes Estia Realty, Vadiel Properties, and VI Properties. The brokers involved in the deal are Daniel Kaplan, Elli Klapper, and Justin Arzi from BRE. The property, with a total square footage of 239,000, is situated in Long Island City's market.
Summary of Transaction Details
- Property Type: Development Site
- Transaction Amount: $63,000,000
- Address: 25-01 Queens Plaza North
- Market: Long Island City
The Grubb Properties Opportunity Zone Fund, led by Clay Grubb, successfully acquired the development site. The selling entities, Estia Realty, Vadiel Properties, and VI Properties, completed the transaction. Assisting in the deal were Daniel Kaplan, Elli Klapper, and Justin Arzi from BRE as the brokers involved.
Players
All
4
Agents
3
Agencies
1
Details
SOLD
IMAGE: Elli Klapper, Daniel Kaplan, Clay Grubb & Justin Arzi
DATE: 09/22/2021
ADDRESS: 25-01 Queens Plaza North
MARKET: Long Island City
ASSET TYPE: Development Site
BUYER: Grubb Properties Opportunity Zone Fund - Clay Grubb
SELLER: Estia Realty, Vadiel Properties & VI Properties
BROKERS: Daniel Kaplan, Elli Klapper, Justin Arzi - @CBRE
SALE PRICE: $63,000,000
BSF: 239,000 ~ PPBSF: $263View on map
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Address25-01 Queens Plaza North
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