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26-07 9th Street

Asadur Miah Acquires Development Site In Astoria, Queens For $1.2M
SOLDDevelopment Site

Asadur Miah Acquires Development Site In Astoria, Queens For $1.2M

26-07 9th Street

$1,200,000

Building Size

Asset Type

Development Site

Closing

Oct 20, 2023

AI

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.

Players

Alexandre Goulet

Landair Advisors

Broker

$163.2M

vol

45 deals

Broker

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

13.22%

Cash-on-Cash

-3.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93