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
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