Updated Oct 12, 2026
Shelly Listokin Of Urban Realty Partners Acquires Development Site In Flushing For $45M
Farrington Street
$45,000,000
$1,199/SF
Building Size
37,520 SF
Asset Type
Development Site
Closing
Jun 18, 2026
About this deal
AI
The development site at 30-05 Farrington Street, located in Flushing, Queens, consists of a total square footage of 37,520 with a sale price of $45,000,000. The property has a potential buildable square footage of 324,600, indicating significant development opportunities in the area, and is priced at $1,199 per square foot.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $45,000,000
- Buyer: Shelly Listokin - Urban Realty Partners
- Seller: Mar Mar Realty
- Square Footage: 37,520
- Price per Square Foot: $1,199
- Buildable Square Footage: 324,600
- Price per Buildable Square Foot: $139
Urban Realty Partners, represented by Shelly Listokin, acquired the property through Whitestone Owner LLC, with ambitions for a ground-up development project to be executed on the site.
On the Map
$45,000,000
$1,199/SF
Development Site
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Players
Quincy Development Site Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.35%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93