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Jacob Katz Acquires Development Site In Astoria For $4.85M

26-11 2nd Street & 2-06 26th Avenue
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This Development Site property located in NY was sold for $4,850,000 about 2 years ago. The broker of the deal was Rodney Nassimian

A development site in Astoria, located at 26-11 2nd St. & 2-06 26th Ave., has been sold for $4,850,000. The transaction took place on 02/03/2022 and was facilitated by Rodney Nassimian of Highcap Group. The property has a buildable square footage (BSF) of 27,000, resulting in a price per buildable square footage (PPBSF) of $179. The seller, Gerald Maric, and the buyer, Jacob Katz, completed the sale, marking the first transaction for this site since the 1980s. The development site boasts 300 feet of wraparound frontage and is situated in the bustling Astoria market.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $4,850,000
  • Address: 26-11 2nd St. & 2-06 26th Ave., Astoria
  • Market: Astoria
  • Buildable Square Footage (BSF): 27,000
  • Price per Buildable Square Footage (PPBSF): $179

Rodney Nassimian of Highcap Group represented both the buyer and seller in this transaction. The property's unique feature includes 300 feet of wraparound frontage, providing ample opportunity for development. For further inquiries or assistance in the Astoria/LIC market, interested parties can reach out to Rodney Nassimian at 347-821-4218 or [email protected].

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Deals
  • Location
    26-11 2nd Street, Queens, New York 11101, United States26-11 2nd Street, Queens, New York 11101, United States
  • Sale Price
    $4,850,000$4,850,000
    $179 PPSF$179 PPSF
  • Area
    27,000 SF27,000 SF
  • Asset Type
    Development SiteDevelopment Site
  • Parties
    1 Broker, 1 Agency1 Broker, 1 Agency

Agent

Rodney Nassimian

Rodney Nassimian

Deals12
Sold$53.7M

Agency

Highcap Group

Highcap Group

Agency
Deals90
Volume$597.6M

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Deal Summary

SALE IMAGE: Rodney Nassimian DATE: 02/03/2022 ADDRESS: 26-11 2nd St. & 2-06 26th Ave. MARKET: Astoria ASSET TYPE: Development Site SELLER: Gerald Maric BUYER: Jacob Katz BROKER: Rodney Nassimian (@OldRodIsBack) - Highcap Group (@Highcap_Group) SALE PRICE: $4,850,000 BSF: 27,000 ~ PPBSF: $179 NOTE FROM @Highcap_Group: Two lots of Eight Lot Assemblage (Total Buildable 60,000), total price $12,250,000 Zoning: R6 (FAR 2.2) First Sale Since 1980's 300’ of wraparound frontage. Selling or buying in the Astoria/LIC market? Contact: Rodney Nassimian T: 347-821-4218 | F: 212-575-5851 | M: 516-424-7455 [email protected] | www.highcapgroup.com

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26-11 2nd Street & 2-06 26th Avenue

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