2025 Year in Review: Stephen Preuss Sr., RIPCO Real Estate / Investment Sales

What accomplishment, milestone, project or transaction stood out for you or your firm in 2025? 

For $18.62 million, which is $156 per buildable s/f, our team sold an approximately 20,000 s/f development site located at 64-11 Queens Blvd. in Woodside, Queens. We also worked alongside RIPCO’s debt & structured finance team to secure $66.1 million in construction financing on behalf of the buyer, bringing the total deal value to $84.72 million. This was an exemplary example of what makes RIPCO different from its competition. Our service lines were able to join forces to drive the deal across the finish line, satisfying both the buyer’s and seller’s needs.

What emerging trends or shifts will shape opportunities for you, your firm, or market sector in 2026? 

Our team has had strong wins in the Queens market this year, driven by activity around Willets Point, Long Island City zoning approvals, and newly approved NY casino licenses — two awarded to Queens. In Jamaica, we have new listings, active deals, and closings totaling over $175 million in downtown Jamaica, boosted by the Jamaica Neighborhood Plan, which expands building allowances. We expect continued momentum in development, retail, jobs, and residential growth.