Richard L'Esperance & Nicholas Notias Acquires Development Site In Astoria For $3.7M
27 11 30th Ave. Queens, Ny 11102, Usa
$3,700,000
$711/SF
Building Size
5,200 SF
Asset Type
Development Site
Closing
May 15, 2023
AI
A development site located at 27-11 30th Avenue in Astoria, has been sold for a price of $3,700,000. The property spans over an area of 5,200 square feet, resulting in a price per square foot of $712. The transaction took place on 05/15/2023.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $3,700,000
- Address: 27-11 30th Avenue, Astoria
- Square Footage: 5,200
- Price Per Square Foot: $712
- Market: Astoria
The buyers involved in this transaction are Richard L'Esperance and Nicholas Notias. They acquired the development site from the sellers, Sal Restivo and Charlie Restivo. The buyer's representative, Anthony Lo Verme, from Blue Brick Real Estate, and the seller's representative, Paul Milonakis, from Halvatzis Realty, facilitated the deal.
Players
New York 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
4.29%
Cash-on-Cash
-1.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93