Updated Dec 21, 2023
Antonio Ordas Acquires Astoria Heights Development Site With Steve Lelekidis Representing ModernSpaces
19-88 77th Street, Astoria Heights, NY, USA
$1,325,000
$315/SF
Building Size
4,200 SF
Asset Type
Development Site
Closing
Aug 26, 2021
About this deal
AI
A development site located at 19-88 77 Street in Astoria Heights has been sold for $1,325,000. The property, which is zoned as R4 and C1-2, offers a lot size of 60 ft x 100 ft. The sale of this development site was facilitated by broker Steve Lelekidis from ModernSpaces. The buyer of the property is Antonio Ordas.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $1,325,000
- Address: 19-88 77 Street
- Market: Astoria Heights
- Zoning: R4, C1-2
The sale price of the development site was slightly lower than the asking price of $1,425,000. The property has a buildable square footage (BSF) of 4,200, resulting in a price per buildable square footage (PPBSF) of $315.
Note: No additional information about the transaction is available.
Players
East Elmhurst Development Site Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
11.97%
Cash-on-Cash
-3.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93