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Qiang Chen Purchases Development Site From Mariano Gonzalez In Astoria For $1.97M

Property Image
SOLD
$1,970,000
Angela Kontis
Richard Bonagura

New York

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Development Site2,642 SF
Sold 09/05/2025
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Property Image
SOLD

Qiang Chen Purchases Development Site From Mariano Gonzalez In Astoria For $1.97M

11 27 31st Drive

See Similar Deals
Development Site2,642 SF
Sold 09/05/2025
Angela Kontis
Richard Bonagura
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Development Site
Price Per Square Foot:$745
Total Square Footage:2,642 SF
Transaction Type:Sale

The property involved in this transaction is a development site located at 11-27 31st Drive in Astoria. The sale price for the asset stands at $1,970,000, encompassing a total square footage of 2,642, which equates to a price per square foot of $745.

Summary of transaction details:

In this transaction, Qiang Chen acted as the buyer, while Mariano Gonzalez was the seller. The deal was facilitated by brokers Angela Kontis and Richard Bonagura from Realty Executives, representing the interests of the respective parties in the transaction.

Players

Angela Kontis
Realty Executives
Angela Kontis
5 deals$11.8M volume(646) 325-4221
BROKER
Richard Bonagura
Realty Executives
Richard Bonagura
3 deals$9.6M volume(917) 804-4668
BROKER
Realty Executives
Realty Executives
BROKERAGE

Details

SOLD
IMAGE: Angela Kontis & Richard Bonagura DATE: 9/5/2025 ADDRESS: 11-27 31st Drive MARKET: Astoria ASSET TYPE: Development Site BUYER: Qiang Chen SELLER: Mariano Gonzalez BROKERS: Angela Kontis (@AngelaKontisRealtor) & Richard Bonagura (@RichardBonagura) - Realty Executives (@RealtyExecsNY) SALE PRICE: $1,970,000 SF: 2,642 ~ PPSF: $745

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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