Asadur Miah Acquires Development Site In Astoria, Queens For $1.2M
SOLD
$1,200,000
New York
See Similar DealsDevelopment Site
Sold 10/20/2023
SOLD
Asadur Miah Acquires Development Site In Astoria, Queens For $1.2M
26-07 9th Street
See Similar DealsDevelopment Site
Sold 10/20/2023
Summary
NEW YORK
Asset Type:Development Site
Transaction Type:Sale
A development site located at 26-07 9th Street in Astoria, Queens has been sold for a sale price of $1,200,000. The transaction took place on 10/20/2023. The property, situated in the Astoria market, offers great potential for development.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $1,200,000
- Address: 26-07 9th Street
- Market: Astoria, Queens
The buyer of the property is Asadur Miah, while the seller is Patrick Paruolo. The transaction was facilitated by Alexandre Goulet and Christopher Daniels of Landair Property Advisors, who served as the brokers in this deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$64,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,263.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,688.61
Annual Debt Service$68,263.35
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