Updated Dec 21, 2023
The New York School Construction Authority Acquires Development Site In Queens For $16 Million
111 16 Astoria Blvd, Flushing, Ny 11369, Usa
Building Size
37,479 SF
Asset Type
Development Site
Closing
Jan 16, 2017
About this deal
AI
The property at 111-16 Astoria Blvd in New York has been sold as a development site in Queens. The transaction took place on January 17, 2017, with a total price of $16 Million.
Summary of transation details
- Property Type: Dev Site
- Transaction Amount: $16 Million
- Address: 111-16 Astoria Blvd
- City: New York
- Market: Queens
The seller of the property was Anthony Colletti, while the buyer was The New York School Construction Authority.
Traded’s record for 111 16 Astoria Blvd, Flushing, Ny 11369, Usa in East Elmhurst, New Jersey covers a development site sale from 2017. The building is 37,479 square feet, implying about 0 per square foot on the published price. This page is the East Elmhurst, New Jersey file for the 111 16 Astoria Blvd, Flushing, Ny 11369, Usa development site sold: pricing, party profiles, and other closed development site comps from the same East Elmhurst sit in the Market section below. Filter that East Elmhurst development site set by closing date to see what else sold near 111 16 Astoria Blvd, Flushing, Ny 11369, Usa around 2017. Cite this The New York School Construction Authority Acquires Development Site In Queens For $16 Million sale when underwriting similar development site product around East Elmhurst, New Jersey.
Players
East Elmhurst Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93