Updated Sep 30, 2026
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
$26,390,332
$1,004/SF
Development Site
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Astoria Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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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