Daily limit: 0/10
Accord Power Acquires Development Site In Long Island City From Spyro And Evan Avdoulos For $4.9M
SOLD
$4,900,000
New York
See Similar DealsDevelopment Site15,000 SF
Sold
SOLD
Accord Power Acquires Development Site In Long Island City From Spyro And Evan Avdoulos For $4.9M
11 02 37th Avenue
See Similar DealsDevelopment Site15,000 SF
Sold
Summary
NEW YORK
Asset Type:Development Site
Price Per Square Foot:$326
Total Square Footage:15000 SF
Transaction Type:Sale
A development site located at 11-02 37th Avenue in Long Island City, Queens, has been sold for $4,900,000. The property encompasses an area of 15,000 square feet, resulting in a price per square foot of $327.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $4,900,000
- Buyer: Accord Power
- Seller: Spyro Avdoulos & Evan Avdoulos
- Market: Long Island City, Queens
- Square Footage: 15,000
- Price per Square Foot: $327
Accord Power, through Maxxpower LLC, intends to owner-occupy the property and plans to renovate the second floor. The seller, Spyro and Evan Avdoulos, were represented by their entity Astor 2 LLC in this transaction.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$261,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,408.68
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,228.50
Annual Debt Service$278,742.00
Is there something missing? Send suggestions