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26 28 28th Street

Rubin Isak & Lev Kimyagarov Represent Development Site Advisors In $8.5M Sale In Astoria
SOLDDevelopment Site

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

Rubin Isak
Verified Badge

Rubin Isak

Development Site Advisors

Broker

$231.8M

vol

23 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

1.87%

Cash-on-Cash

-0.53%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93