Apex Group NY Acquires Development Site From Moira Butler In Richmond Hill For $4.3M
134-11 Kew Gardens Road
$4,300,000
$278/SF
Building Size
15,458 SF
Asset Type
Development Site
Closing
Jul 30, 2026
AI
This development site is located at 134-11 Kew Gardens Road in the Richmond Hill market. The property was sold for $4,300,000 and encompasses 7,280 square feet, resulting in a price per square foot of $591 and a price per buildable square foot of $135.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $4,300,000
- Address: 134-11 Kew Gardens Road
- Market: Richmond Hill
- Square Footage: 7,280
- Price per Square Foot: $591
- Price per Buildable Square Foot: $135
- Buyer: Apex Group NY
- Seller: Moira Butler
- Brokers: Dylan Walsh & Charles Everett - Cushman & Wakefield
Dylan Walsh and Charles Everett from Cushman & Wakefield facilitated the sale and successfully sourced a user intending to occupy and develop the property in the future. Interested parties can reach out to the brokers for similar opportunities.
Players
Richmond Hill Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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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