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38-42 12th Street

The Development Site property located in New York that spans 319,200 square feet sold for $32,500,000 or $102 PPSF. The deal closed 29 months and 11 days ago. The brokers of the deal were Jakub Nowak and Jonathan Eshaghian

  • Location image 38-42 12th Street, Long Island City, NY, USA
  • Sold Value
    image $32,500,000
    image $102
  • Asset Type image Development Site
  • Area image 319,200 SF
  • Parties image2 Brokers,1 Agency
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Jakub Nowak icon

Marcus & Millichap
  • Deals 58
  • Volume $325,360,000
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Jonathan Eshaghian

Marcus & Millichap
  • Deals 13
  • Volume $81,800,000
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Comparables: 38-42 12th Street

Showing 4 of 17

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Price Icon $32,000,000

  • StatusSOLD, $219 PPSF
  • Date06/16/22
  • Address21 Delevan Street, Brooklyn, New York 11231, United States
  • Address21 Delevan...
  • AssetDEVELOPMENT SITE
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Price Icon $33,100,000

  • StatusSOLD, $202 PPSF
  • Date03/02/22
  • Address1215 Fulton Street, Brooklyn, New York 11216, United States
  • Address1215 Fulton...
  • AssetDEVELOPMENT SITE
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Price Icon $33,601,603

  • StatusSOLD, $187 PPSF
  • Date03/16/22
  • Address1215 Fulton Street, Brooklyn, New York 11216, United States
  • Address1215 Fulton...
  • AssetDEVELOPMENT SITE
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Price Icon $35,000,000

  • StatusSOLD, $115 PPSF
  • Date01/13/22
  • Address138 Bruckner Boulevard, Bronx, NY 10454
  • Address138 Bruckner...
  • AssetDEVELOPMENT SITE
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This Deal on Social

SALE
IMAGE: Jakub Nowak & Jonathan Eshaghian
DATE: 03/09/2020
ADDRESS: 38-42 12th Street
MARKET: Long Island City
ASSET TYPE: Development Site

SELLER: United Hoisting Company Inc – Richard Halloran & Joe Covello
BUYER: JNY Capital – Moshe Pinsky
BROKERS: Jakub Nowak & Jonathan Eshaghian – Marcus & Millichap @The_Nowak_Group

SALE PRICE: $32,500,000
BSF: 319,200 ~ PPBSF: $101

NOTE: This is a JV – United Hoisting being the Land Owners and JNY Capital are teaming up to bring a commercial project to Long Island City. “This 400K BSF development will feature a mix of commercial, entertainment and community uses and will be transformative for the LIC area.” Jakub Nowak

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SALE
IMAGE: Jakub Nowak & Jonathan Eshaghian
DATE: 03/09/2020
ADDRESS: 38-42 12th Street
MARKET: Long Island City
ASSET TYPE: Development Site

SELLER: United Hoisting Company Inc – Richard Halloran & Joe Covello
BUYER: JNY Capital – Moshe Pinsky
BROKERS: Jakub Nowak & Jonathan Eshaghian – Marcus & Millichap @The_Nowak_Group

SALE PRICE: $32,500,000
BSF: 319,200 ~ PPBSF: $101

NOTE: This is a JV – United Hoisting being the Land Owners and JNY Capital are teaming up to bring a commercial project to Long Island City. “This 400K BSF development will feature a mix of commercial, entertainment and community uses and will be transformative for the LIC area.” Jakub Nowak

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Contact Jakub Nowak

"Jakub Nowak is an Associate Real Estate Broker and Team Lead at The Nowak Group of Marcus & Millichap. He...

Jonathan Eshaghian is an Investment Sale Agent with Marcus & Millichap. He specializes in the sale of industrial, office and...

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