Updated Sep 22, 2026
Moses Fruend Of Vaja Group Purchases Development Site In Astoria For $26.39M
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
The property involved in this transaction is a development site located at 24-41 31st Street in Astoria, Queens. The sale price for the asset was $26,390,332, encompassing a building square footage of 149,733 and a price per building square foot of $176. The site also features a total square footage of 26,280 with a price per square foot of $1,004.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $26,390,332
- Buyer: Moses Fruend - Vaja Group
- Seller: Charles Scaturro
- Buyer's Representative: Donal Flaherty, Luke Sproviero & Tom Reynolds - Investment Property Realty Group
Investment Property Realty Group has previously represented The Vaja Group in the acquisition of the adjacent Neptune Diner site, which has provided the developer with control over contiguous, entitled frontage along a prominent stretch of 31st Street in Astoria. Interested parties looking to buy or sell similar assets can contact Donal Flaherty for further assistance.
On the Map
$26,390,332
$1,004/SF
Development Site
View full map
Players
Astoria Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Deal FAQ
Visit Tom Reynolds to view all their deals.
Browse Astoria development site sales on Traded.
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