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24-41 31st Street

Updated Sep 30, 2026

Charles Scaturro Sells Development Site In Astoria For $26.39 Million With Evan Daniel Of Modern Spaces As Seller’s Rep
SOLDDevelopment Site

Charles Scaturro Sells Development Site In Astoria For $26.39 Million With Evan Daniel Of Modern Spaces As Seller’s Rep

24-41 31st Street

$26,390,332

$1,004/SF

Building Size

26,280 SF

Asset Type

Development Site

Closing

Sep 18, 2026

About this deal

AI

This development site is located at 24-41 31st Street in the Astoria market, featuring a total square footage of 26,280. The sale involved a price of $26,390,332 which breaks down to a price per square foot of $1,004. The building spans a total building square footage of 149,733, with a price per buildable square foot calculated at $176.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $26,390,332
  • Address: 24-41 31st Street
  • Market: Astoria
  • Building Square Footage: 149,733
  • Price per Buildable Square Foot: $176
  • Total Square Footage: 26,280
  • Price per Square Foot: $1,004
  • Buyer: Moses Freund
  • Seller: Charles Scaturro
  • Buyer's Representative: Donal Flaherty - Investment Property Realty Group
  • Seller's Representative: Evan Daniel - Modern Spaces
  • Buyer's Attorney: Elliot Steinmetz - Abrams Fensterman
The transaction was facilitated by Donal Flaherty, who represented the buyer, Moses Freund, while Evan Daniel represented the seller, Charles Scaturro. This sale marks a significant achievement for broker Evan Daniel, as it contributes to his accomplishment of surpassing $1 billion in closed commercial real estate transaction volume.

On the Map

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$26,390,332

$1,004/SF

Development Site

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Players

Evan Daniel

Modern Spaces

Broker

$373.9M

vol

66 deals

Broker
Donal Flaherty
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Donal Flaherty

Investment Property Realty Group (IPRG)

Broker

$469M

vol

108 deals

Broker

Moses Freund

Buyer

$271.8M

vol

11 deals

Buyer

Charles Scaturro

Seller

$67.6M

vol

5 deals

Seller
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Astoria Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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Deal FAQ

About $1K per square foot on a published $26.4M for 26,280 square feet (2026).

Visit Donal Flaherty to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.60%

Cash-on-Cash

-0.17%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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