David Junik, Paul Bralower, Decio Baio & Brendan Burke Of Pinnacle Realty Of New York Facilitate $7M Sale Of Development Site In Queens
SOLD
New York
See Similar DealsDevelopment Site16,000 SF
Sold 03/27/2025
SOLD
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
See Similar DealsDevelopment Site16,000 SF
Sold 03/27/2025
Summary
NEW YORK
Asset Type:Development Site
Price Per Square Foot:$437
Total Square Footage:16,000 SF
Transaction Type:Sale
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
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$373,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$24,869.54
Cash-on-Cash Return-1.27%
Monthly Debt Service$33,183.57
Annual Debt Service$398,202.85
Is there something missing? Send suggestions