facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Development Site

/

Sale

/

27 11 30th Ave. Queens, Ny ...

Richard L'Esperance & Nicholas Notias Acquires Development Site In Astoria For $3.7M
SOLDDevelopment Site

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

Anthony Lo Verme

Blue Brick Real Estate

Broker

$20.6M

vol

6 deals

Broker

Sal Restivo

Seller

$3.7M

vol

2 deals

Seller

New York 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

4.29%

Cash-on-Cash

-1.23%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93