Updated Aug 18, 2026
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
About this deal
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.
On the Map
$4,300,000
$278/SF
Development Site
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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