REBusinessOnline

The Vorea Group Acquires Development Site in Queens for $21.6M

NEW YORK CITY — The Vorea Group has purchased a development site, located at 45-57 Davis St. in the Long Island City neighborhood of Queens, for $21.6 million. Stephen Preuss of Cushman & Wakefield represented the seller, 45-57 Realty Corp., in the transaction. The site comprises three contiguous tax lots and offers 108,000 buildable square feet within multiple zoning districts, allowing for mixed-use, residential and commercial development.

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