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Successful Sale of 43-13 52nd Street in Woodside, Queens
Bob Knakal has successfully arranged the sale of 43-13 52nd Street, a four-lot assemblage located in the Woodside neighborhood of Queens. The property was acquired for $9,650,000 by Jasper Realty in a transaction that reflects the growing demand for development opportunities in transit-rich, residentially attractive neighborhoods.
This site’s appeal stemmed from its favorable zoning, significant lot width, and proximity to major transit corridors—an ideal combination for mid-scale residential or mixed-use redevelopment.
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Sale Details
This four-lot development site sold for $9,650,000, translating to approximately $603.13 per buildable square foot across a total of 16,000 buildable square feet. The seller, Woodside Equities LLC, a private family entity represented by Ray Pomerantz, completed the transaction with Jasper Realty on December 15, 2021.
Highlights of the transaction include:
- Sale Price: $9,650,000
- Price per BSF: $603.13
- Buyer: Jasper Realty
- Seller: Ray Pomerantz, Woodside Equities LLC
- Seller Type: Private Family
- Sale Date: December 15, 2021
- Asset Class: Development
- Buildings on Lot: 4
- Zoning & BSF: Approx. 16,000 buildable square feet
Property Details
The property is situated at 43-13 52nd Street, between 43rd Avenue and Roosevelt Avenue in the heart of Woodside, Queens. This transit-friendly submarket is increasingly sought after for ground-up development due to its low-density character and close access to Manhattan.
Property Address: 43-13 52nd Street, Queens, NY 11377
Block / Lot: 1321 / 17
Lot Size: 4,000 square feet
Stories: 0 (vacant land)
Zoning: (Unspecified, but inferred residential development potential)
Potential BSF: 16,000
Frontage: Wide street frontage across four contiguous lots
Investment Highlights:
- Four-lot assemblage with potential for mid-size residential development
- Strong price per buildable square foot indicating future upside
- Centrally located within a residential zone with solid rental demand
- Wide frontage and development flexibility for multiple uses
Market Strategy and Positioning
Woodside has emerged as one of Queens’ most dynamic neighborhoods for residential development due to its combination of accessibility, diverse housing stock, and long-term upward demographic trends. BKREA positioned the site as a prime opportunity for a developer seeking scale without the complications of a high-rise.
Bob Knakal’s extensive market knowledge and proactive outreach approach attracted interest from multiple buyer profiles, ultimately leading to a favorable outcome for the seller. By emphasizing the property's clean zoning, assemblage potential, and close proximity to multiple transit lines, the marketing strategy effectively differentiated the offering from other development sites in outer-borough markets.
Neighborhood Overview
Located in western Queens, Woodside is a culturally rich neighborhood known for its convenient transportation, diverse population, and rising residential demand. The area appeals to both long-term residents and new arrivals seeking more space while maintaining access to Manhattan.
Neighborhood Highlights:
- Major transit options: Just minutes from the 52nd Street-Lincoln Avenue 7 train station and the LIRR at Woodside
- Strong community: Known for its vibrant mix of cultures and local eateries
- Residential appeal: Attractive to developers due to moderate zoning and rising rents
- Nearby attractions: Sunnyside Gardens Historic District, Doughboy Plaza, and Skillman Avenue’s retail corridor
Conclusion
The successful sale of 43-13 52nd Street is a testament to BKREA’s expertise in identifying high-potential development sites in emerging outer-borough neighborhoods. By leveraging deep local knowledge and direct buyer relationships, Bob Knakal was able to structure a deal that maximized value for the seller while paving the way for a future development that will contribute meaningfully to Woodside’s continued growth.
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Frequently Asked Questions
Q1: What type of property is 43-13 52nd Street?
It is a development site composed of four adjacent lots with approximately 16,000 buildable square feet.
Q2: Why is Woodside an attractive location for development?
Woodside offers excellent transit access, increasing rental demand, and flexible zoning, making it ideal for ground-up residential projects.
Q3: What was the price per buildable square foot for the property?
The property sold for approximately $603.13 per buildable square foot.
