Updated Sep 24, 2026
Zevy Landau Purchases Development Site At 20-14 Cornaga Avenue For $760,000 With Broker Jack Sardar
20-14 Cornaga Avenue
$760,000
$86/SF
Building Size
8,837 SF
Asset Type
Development Site
Closing
Sep 9, 2026
About this deal
AI
The transaction involved a development site located at 20-14 Cornaga Avenue in the Far Rockaway market. The property was sold for a total price of $760,000, encompassing a building square footage of 8,837. The price per building square foot (PPBSF) was calculated at $86.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $760,000
- Address: 20-14 Cornaga Avenue
- Market: Far Rockaway
- Building Square Footage: 8,837
- Price per Building Square Foot: $86
- Buyer: Zevy Landau
- Seller: Rob Enright
- Broker: Jack Sardar - Tri State Commercial Realty
The key individuals involved in this transaction included buyer Zevy Landau and seller Rob Enright. The broker representing the transaction was Jack Sardar from Tri State Commercial Realty, facilitating the exchange between the buyer and seller.
On the Map
$760,000
$86/SF
Development Site
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Players
Far Rockaway 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
20.87%
Cash-on-Cash
-5.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93