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

Property Image
SOLD
$7,000,000
David Junik
Brendan Burke
+ 1

New York

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Development Site16,000 SF
Sold 03/27/2025
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Property Image
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 Deals
Development Site16,000 SF
Sold 03/27/2025
David Junik
Brendan Burke
+ 1
Contact now

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

14 deals$68M volume(718) 371-6403
BROKER


Decio Baio
Pinnacle Realty of New York
11 deals$410.6M volume
BROKER

Paul Bralower
Pinnacle Realty of New York
14 deals$83.9M volume(718) 371-6402
BROKER

Details

SOLD
IMAGE: David Junik, Paul Bralower, Brendan Burke & Decio Baio DATE: 03/27/2025 ADDRESS: 185-19 Hillside Avenue MARKET: Queens ASSET TYPE: Development Site BROKERS: David Junik (@DavidJunik), Paul Bralower, Decio Baio & Brendan Burke - Pinnacle Realty of New York (@PinnacleRENY) SALE PRICE: $7,000,000 BSF: 73,600 ~ PPBSF: $95 SF: 16,000 ~ PPSF: $437

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Deal Type
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