Updated Dec 21, 2023
Tefko Edin Acquires Development Site In Astoria For $4.5M
14-30 Astoria Boulevard, Astoria, NY, USA
$4,500,000
$166/SF
Building Size
27,080 SF
Asset Type
Development Site
Closing
Oct 15, 2021
About this deal
AI
A development site located at 14-30 Astoria Boulevard in Astoria has been sold for a price of $4,500,000. The property, which falls under the R6B and C2-3 zoning, offers a total of 27,080 square feet of buildable space. The transaction took place on October 15, 2021.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $4,500,000
- Address: 14-30 Astoria Boulevard, Astoria
- Market: Astoria
- Zoning: R6B, C2-3
The buyer in this transaction was Tefko Edin, while the seller was Steve Hess. The deal was facilitated by brokers Andreas Efthymiou and Stephen R. Preuss Sr., who represented the buyer and seller respectively.
Stephen R. Preuss Sr. and Andreas Efthymiou were the brokers involved in the sale of the development site on Astoria Boulevard.
Players
New York Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Deal FAQ
Visit Andreas Efthymiou to view all their deals.
Browse New York development site sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93