facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Development Site

/

Sale

/

14-35 27th Street

Jason Edelman Acquires Development Site In Astoria, Queens For $2.7M
SOLDDevelopment Site

Jason Edelman Acquires Development Site In Astoria, Queens For $2.7M

14-35 27th Street

$2,725,000

Building Size

Asset Type

Development Site

Closing

Dec 29, 2023

AI

A development site located at 14-35 27th Avenue in Astoria, Queens was recently sold for a price of $2,725,000. The property, with a market value of $257 per square foot, has a total buildable square footage of 10,578. The transaction took place on December 29, 2023.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $2,725,000
  • Address: 14-35 27th Avenue, Astoria, Queens
  • Market: Astoria, Queens
  • Seller: Anastasios Sarikas
  • Buyer: Jason Edelman
  • Brokers: Alexandre Goulet & Christopher Daniels - Landair Property Advisors
  • Buildable Square Footage: 10,578
  • Price per Buildable Square Foot: $257

The transaction was facilitated by the real estate agency Landair Property Advisors, with Alexandre Goulet and Christopher Daniels serving as the brokers representing both the buyer, Jason Edelman, and the seller, Anastasios Sarikas.

Players

Alexandre Goulet

Landair Advisors

Broker

$163.2M

vol

45 deals

Broker

Astoria Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.82%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93