Antonio Mastronardi Acquires Development Site In Ridgewood, Queens For $1.3M
18-63 Starr Street, Ridgewood, NY, USA
$1,300,000
$220/SF
Building Size
5,900 SF
Asset Type
Development Site
Closing
Jul 22, 2020
AI
A development site located at 18-63 Starr Street in Ridgewood, Queens has been sold for a price of $1,300,000. The property, which has a lot dimension of 25 ft x 100.92 ft, is a development site with a zoning of R6B. The transaction took place on July 22, 2021, with Dorit Pinhas & Jonathan Berman from Ariel Property Advisors representing the buyer, Antonio Mastronardi, and the seller, Arkadiy Nagorev.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $1,300,000
- Address: 18-63 Starr Street, Ridgewood, Queens
- Lot Dimensions: 25 ft x 100.92 ft
- Market: Ridgewood, Queens
- Zoning: R6B
The buyer, Antonio Mastronardi, acquired the development site from the seller, Arkadiy Nagorev. The transaction was facilitated by Dorit Pinhas & Jonathan Berman from Ariel Property Advisors. The development site has a buildable square footage (BSF) of 5,900 and a price per buildable square footage (PPBSF) of $220.
Players
New York 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
12.20%
Cash-on-Cash
-3.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93