Updated May 12, 2025
Rubin Isak & Lev Kimyagarov Represent Development Site Advisors In $8.5M Sale In Astoria
26 28 28th Street
$8,500,000
Building Size
—
Asset Type
Development Site
Closing
Apr 24, 2025
About this deal
AI
The property asset involved in the transaction is a development site located at 26-28 28th Street in the Astoria market. The sale price for this asset was $8,500,000, with a built square footage of 31,996, resulting in a price per built square foot of $265.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $8,500,000
- Address: 26-28 28th Street
- Market: Astoria
- Built Square Footage: 31,996
- Price Per Built Square Foot: $265
The deal involved Rubin Isak and Lev Kimyagarov, who served as representatives from Development Site Advisors, playing integral roles in facilitating this transaction.
On the Map
$8,500,000
Development Site
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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
1.87%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93