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
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