Updated Dec 4, 2024
SMJ Development Acquires Development Site On Woodhaven Boulevard In Rego Park, Queens
68-19 Woodhaven Boulevard
$12,500,000
Building Size
—
Asset Type
Development Site
Closing
Oct 18, 2023
About this deal
AI
A development site located at 68-19 Woodhaven Boulevard in Rego Park, Queens has been sold for $12,500,000. The property was acquired by SMJ Development from Prospect Property Group.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $12,500,000
- Address: 68-19 Woodhaven Boulevard
- Market: Rego Park, Queens
Ethan Stanton, Michael Mazzara, Brendan Maddigan, and Winfield Clifford from JLL represented both the buyer, SMJ Development, and the seller, Prospect Property Group, in this transaction.
The development site sale at 68-19 Woodhaven Boulevard in Spring Valley, California sold for $12.5M in 2023. 68-19 Woodhaven Boulevard is classified as Development Site on Traded. Ethan Stanton, Brendan Maddigan, Winfield Clifford, Michael Mazzara appear on the sale alongside JLL. This page is the Spring Valley, California file for the 68-19 Woodhaven Boulevard development site sold: pricing, party profiles, and other closed development site comps from the same Spring Valley sit in the Market section below. Filter that Spring Valley development site set by closing date to see what else sold near 68-19 Woodhaven Boulevard around 2023. Published consideration for 68-19 Woodhaven Boulevard is $12.5M, dated 2023. Cite this SMJ Development Acquires Development Site On Woodhaven Boulevard In Rego Park, Queens sale when underwriting similar development site product around Spring Valley, California.
Players
Spring Valley Development Site Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.27%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93