Jiashu (Chris) Xu Acquires Development Site In Long Island City For $13M
46-30 21st Street
47,000 SF
Summary
A development site in Long Island City has been sold for $13,000,000. The property, located at 46-30 21st Street, is a development site with a lot size of 99.58 ft x 100 ft. The site is zoned as R7X/M1-4/R6B and has a buildable square footage of 47,000. The buyer in this transaction is Jiashu (Chris) Xu, while the seller is Jerry Offenberg.
Summary of transaction details
- Property Type: Development site
- Transaction Amount: $13,000,000
- Address: 46-30 21st Street, Long Island City
- Lot Size: 99.58 ft x 100 ft
- Zoning: R7X/M1-4/R6B
- Buildable Square Footage: 47,000
Jiashu (Chris) Xu has made this purchase through the representation of his broker, Rodney Nassimian, from @Highcap_Group. The seller, Jerry Offenberg, was represented by Josh Goldflam, also from @Highcap_Group. The brokers involved in this deal are experienced professionals in the development site market. Contact Rodney or Josh at [email protected] or [email protected] for any inquiries regarding development site transactions.
Note from @Highcap_Group: This transaction involved a 45-day contract to closing, with a target of closing on December 31st. The property was sold at full market pricing.
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