ICross Capital Acquires Development Site In Long Island City For $6.18M

John Mclnerney, Rodney Nassimian, and Lily Guo are featured in the image of the property located at 28-12 41st Avenue in Long Island City. The transaction took place on 06/29/2021.

Summary of Transaction Details:

• Property Type: Development Site
• Transaction Amount: $6,175,000
• Market: Long Island City
• Asset Type: Development Site
• Zoning: M1-5/R7-3, LIC

The buyer, iCross Capital, was represented by Lily Guo and John McInerney. Ari Zubli served as the seller. The transaction was facilitated by Rodney Nassimian from Highcap Group.

The property has a lot size of 50 ft x 100 ft, with a building square footage (BSF) of 25,000. The price per BSF is $247.

For more information on LIC sites available for sale or if you are interested in selling in LIC, contact Rodney Nassimian from Highcap Group:

• Rodney Nassimian, Highcap Group
• Address: 12 West 37th Street, 4th Floor, New York, NY 10018
• Phone: 347-821-4218
• Mobile: 516-424-7455
• Email: [email protected]
• Website: www.highcapgroup.com