REBusinessOnline

Marcus & Millichap Negotiates $6.4M Sale of Development Site in Long Island City

LONG ISLAND CITY, N.Y. — Marcus & Millichap has negotiated the $6.4 million sale of a 2,700-square-foot development site in Long Island City. Located at 45-24 Pearson St., the property can accommodate 13,500 buildable square feet. The sale set a local record of $300 per buildable square foot, according to Marcus & Millichap. Jakub Nowak and Jonathan Eshaghian of Marcus & Millichap’s Brooklyn office represented the seller, a private investor, in the transaction. The buyer was also a private investor.

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