David Shenfield, Cheski Weiss, Yossie Banda Acquire Development Site In Astoria For $4.325M
21 02 21st Street
$4,325,000
$189/SF
Building Size
22,788 SF
Asset Type
Development Site
Closing
Feb 28, 2018
AI
The transaction involved a development site located at 21 02 21st Street in Astoria. The sale was finalized on February 28, 2018, with a price of $4,325,000. The asset spans a total of 22,788 square feet.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $4,325,000.00
- Address: 21 02 21st Street
- Market: Astoria
- Square Footage: 22,788.0
- Buyer: David Shenfield (DA Development), Cheski Weiss (CW Capital), and Yossie Banda (DA Development)
- Seller: Gennaro Vendome
- Brokers: Josh Orlander (GFI Realty Services), Joseph Landau
The key participants in this transaction included David Shenfield and Yossie Banda, both representing DA Development, alongside Cheski Weiss from CW Capital. Gennaro Vendome served as the seller, while Josh Orlander from GFI Realty Services was the broker representing the buyer in this deal.
Players
Astoria Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.67%
Cash-on-Cash
-1.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93