facebook
Traded Co logo
Submit

Jack Wang Acquires Development Site In Astoria From Christopher Frangopoulos For $2.05M

Property Image
SOLD
$2,050,000

New York

See Similar Deals
Development Site2,080 SF
Sold
the dealplayerscompscontact
Property Image
SOLD

Jack Wang Acquires Development Site In Astoria From Christopher Frangopoulos For $2.05M

21 69 Shore Boulevard

See Similar Deals
Development Site2,080 SF
Sold
Contact now

Summary

NEW YORK
Asset Type:Development Site
Price Per Square Foot:$985
Total Square Footage:2080 SF
Transaction Type:Sale

This development site located at 21-69 Shore Boulevard in Astoria consists of a land parcel measuring 8,720 BSF, which translates to a purchase price of $2,050,000 and a price per BSF of $235. The property also offers a total square footage of 2,080, equating to a price per square foot of $985.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $2,050,000
  • Address: 21-69 Shore Boulevard
  • Market: Astoria
  • BSF: 8,720
  • PPBSF: $235
  • SF: 2,080
  • PPSF: $985
  • Buyer: Jack Wang
  • Seller: Christopher Frangopoulos
  • Brokers: Dean Abouelhassan & Alexandre Goulet - Landair Property Advisors

The transaction was notably rapid, with the site going into contract in less than 60 days. This reflects the ongoing strength of the residential market within Astoria. For queries regarding Queens development sites, interested parties are encouraged to reach out to Dean Abouelhassan for further information.

Players

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

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

Details

SOLD
IMAGE: Alexandre Goulet & Dean Abouelhassan DATE: 11/3/2025 ADDRESS: 21-69 Shore Boulevard MARKET: Astoria ASSET TYPE: Development Site BUYER: Jack Wang SELLER: Christopher Frangopoulos BROKERS: Dean Abouelhassan (@DeanAbouelhassan) & Alexandre Goulet (@LandairPropertyAdvisors) - Landair Property Advisors SALE PRICE: $2,050,000 BSF: 8,720 ~ PPBSF: $235 SF: 2,080 ~ PPSF: $985 NOTE FROM BROKER: This 40-foot-wide waterfront development site went into contract in less than 60 days, highlighting the continued strength of Astoria’s residential market. For information on Queens development sites, please reach out to Dean.

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)

$109,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,283.23
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,718.05
Annual Debt Service$116,616.55