23-50 Waters Edge Drive (120,000 SF) Sells for $28.5M in New York

SaleMultifamily & Mixed-useQueens (incl. LIC, JFK)

Reported Oct 19, 2026 · Source: Traded

Source: TradedRead the full report at Traded ↗

Deal details

Buyer
Not disclosed
Seller
Jon Kossar
Price
$28.5M ($237/SF; 5.5% cap)
Size
120,000 SF
Price per SF
$238 per SF (our calculation)
Asset class
Multifamily & Mixed-use
Transaction
Sale
Sub-market
Queens (incl. LIC, JFK)
Metro
New York (incl. Long Island & NJ)
Reported date
Oct 19, 2026

Summary

Jon Kossar sold the multifamily asset at 23-50 Waters Edge Drive in Bayside for $28.5M, according to Traded. The property totals 120,000 square feet, a price of $237 per square foot.

Summarized from the article; the quoted lines below are from the article itself.

Source: Traded

Read the full report at Traded. What the article says:

  • Deal / Price
    23-50 Waters Edge Drive, Bayside, NY 11360 was recently sold on 10-08-2026 for $28,500,000. See transaction details and find similar deals on Traded.
  • Deal / Seller
    Jon Kossar Sells Multifamily Asset At 23-50 Waters Edge Drive For $28.5M
  • Size
    The asset was sold for $28,500,000, encompassing a total of 120,000 square feet, resulting in a price per square foot of $237.
  • Price
    Cap Rate: 5.5%

Article date: 2026-10-19T09:30:51-07:00

Frequently asked questions

How much did 23-50 Waters Edge Drive sell for?
The reported price is $28.5M ($238 per SF, our calculation), per Traded.
Who sold 23-50 Waters Edge Drive?
The seller was Jon Kossar, per Traded.

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Compiled from public sources; details can differ between sources. Always verify with the linked source.