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
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.
Players
Astoria Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
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