facebook
Traded Co logo
Submit

Dennis Lou Acquires Development Site In Astoria For $1.775M Represented By Landair Property Advisors

Property Image
SOLD
$1,775,000

New York

See Similar Deals
Development Site3,591 SF
Sold
the dealplayerscompscontact
Property Image
SOLD

Dennis Lou Acquires Development Site In Astoria For $1.775M Represented By Landair Property Advisors

21 16 30th Avenue

See Similar Deals
Development Site3,591 SF
Sold
Contact now

Summary

NEW YORK
Asset Type:Development Site
Price Per Square Foot:$494
Total Square Footage:3591 SF
Transaction Type:Sale

The property involved in this transaction is a development site located at 21-16 30th Avenue in the Astoria market. The sale was completed for a price of $1,775,000. It has a total building square footage of 8,106, resulting in a price per building square foot of $218. The property also has a total square footage of 3,591, which translates to a price per square foot of $494.

Summary of transaction details:

This transaction was facilitated by brokers Alexandre Goulet, Dean Abouelhassan, and Anand Melwani, representing the parties involved in the deal through Landair Property Advisors. Dennis Lou was the buyer, while the seller was the Pavlounis Family.

Players

Alexandre (Alex) Goulet
42 deals$152.2M volume
BROKER

Anand Melwani
Landair Advisors
38 deals$153.6M volume(516) 658-1222
BROKER

Dean Abouelhassan
Landair Advisors
9 deals$35.8M volume(516) 532-5385
BROKER

Details

SOLD
IMAGE: Anand Melwani, Alexandre Goulet & Dean Abouelhassan DATE: 5/1/2025 ADDRESS: 21-16 30th Avenue MARKET: Astoria ASSET TYPE: Development Site BUYER: Dennis Lou SELLER: Pavlounis Family BROKERS: Alexandre Goulet, Dean Abouelhassan (@LongIslandCRE) & Anand Melwani (@ArmYourself21) - Landair Property Advisors (@LandairPropertyAdvisors) SALE PRICE: $1,775,000 BSF: 8,106 ~ PPBSF: $218 SF: 3,591 ~ PPSF: $494

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
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$94,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,306.20
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,414.41
Annual Debt Service$100,972.87