Ken Maurer Sells Development Site In Corona, Queens For $4.3M With Brokers Stephen R. Preuss Sr & Kevin Louie
101-01 Northern Boulevard, Queens, NY, USA
$4,300,000
$179/SF
Building Size
24,000 SF
Asset Type
Development Site
Closing
Dec 3, 2021
AI
Stephen R. Preuss Sr & Kevin Louie have closed a deal for a development site located at 101-01 & 101-07 Northern Boulevard in Corona, Queens. The property is being sold by Ken Maurer for a sale price of $4,300,000. The development site has a building square footage (BSF) of 24,000 and a price per BSF (PPBSF) of $179.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $4,300,000
- Address: 101-01 & 101-07 Northern Boulevard, Corona, Queens
- Market: Corona, Queens
- BSF: 24,000
- PPBSF: $179
- Seller: Ken Maurer
- Broker: Stephen R. Preuss Sr & Kevin Louie
Stephen R. Preuss Sr & Kevin Louie represented the seller, Ken Maurer, in this transaction.
Players
New York Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.69%
Cash-on-Cash
-1.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93