Updated Sep 9, 2024
Kevin Hass Acquires Development Site In Astoria For $1.73M
23-29 Astoria Blvd Queens, NY 11102, USA
$1,730,000
$422/SF
Building Size
4,092 SF
Asset Type
Development Site
Closing
Jul 12, 2023
About this deal
AI
A development site located at 23-29 Astoria Boulevard in Astoria has been sold for $1,730,000. Spanning 4,092 square feet, the property was purchased by Kevin Hass from Gunter Villegas. The sale was facilitated by Alexandre Goulet of Landair Property Advisors.
Summary of transation details
- Property Type: Development Site
- Transaction Amount: $1,730,000
- Square Footage: 4,092
- Price Per Square Foot: $423
- Address: 23-29 Astoria Boulevard
- Market: Astoria
Alexandre Goulet from Landair Property Advisors represented the seller, Gunter Villegas, in the deal.
The development site sale at 23-29 Astoria Blvd Queens, NY 11102, USA in New York, New York sold for $1.7M in 2023. The building is 4,092 square feet, implying about 422 per square foot on the published price. Alexandre (Alex) Goulet, Landair Advisors appear on the sale alongside Landair Advisors. This page is the New York, New York file for the 23-29 Astoria Blvd Queens, NY 11102, USA development site sold: pricing, party profiles, and other closed development site comps from the same New York sit in the Market section below. Filter that New York development site set by closing date to see what else sold near 23-29 Astoria Blvd Queens, NY 11102, USA around 2023. Published consideration for 23-29 Astoria Blvd Queens, NY 11102, USA is $1.7M, dated 2023. Cite this Kevin Hass Acquires Development Site In Astoria For $1.73M sale when underwriting similar development site product around New York, New York.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.17%
Cash-on-Cash
-2.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93