NEW YORK CITY—A future residential development site in Astoria has traded for more than $8 million.
Cushman & Wakefield reports that the site of a current 10,000-square-foot warehouse building has been acquired by privately held Blue Mountain Capital, LLC from Kenneth Trading Corp. for $8.2 million.
The deal for 11-35 31st Drive calculates out to approximately $241-per-buildable-square-foot based on the nearly 34,000 square feet that can be built at the site.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
