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185 19 Hillside Avenue

David Junik, Paul Bralower, Decio Baio & Brendan Burke Of Pinnacle Realty Of New York Facilitate $7M Sale Of Development Site In Queens
SOLDDevelopment Site

David Junik, Paul Bralower, Decio Baio & Brendan Burke Of Pinnacle Realty Of New York Facilitate $7M Sale Of Development Site In Queens

185 19 Hillside Avenue

$7,000,000

$437/SF

Building Size

16,000 SF

Asset Type

Development Site

Closing

Mar 27, 2025

AI

The development site located at 185-19 Hillside Avenue in Queens was sold for $7,000,000. The property has a total building square footage of 16,000 and a lot area of 73,600 square feet, resulting in a price per building square foot of $95 and a price per square foot of $437.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $7,000,000
  • Building Square Footage: 16,000
  • Lot Area: 73,600
  • Price per Building Square Foot: $95
  • Price per Square Foot: $437

The transaction included key individuals from Pinnacle Realty of New York, representing the involved parties. The brokers were David Junik, Paul Bralower, Decio Baio, and Brendan Burke.

Players

Brendan Burke

Broker

$68M

vol

14 deals

Broker

Jamaica 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

2.27%

Cash-on-Cash

-0.65%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93