Zehao Fang pays $9M for 11K lot in Long Island City

Zehao Fang through the entity Fh 2Bro Builder Corp. paid Theodore Avdoulos’s Pemas LLC $9.2 million for 29-05A 38th Avenue in Long Island City. The deal closed on October 15, 2020, and was recorded on November 6, 2020. The transaction consists of 1 parcel, with four buildings including the tax class garage with two or more stories (G1). The built space on the property is 7,980 square feet. The parcel(s) have total development potential of 31,830 square feet. The lot is 10,600 square feet.
The average sale price per square foot is $287.

The contract date was January 23, 2020. The last time the property sold was March 20, 2015, for $1,000,000.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link
The signatory for the buyer or lender was Zehao Fang