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Shao Group Acquires Development Site From Filingeri Family In Astoria For $4.15M

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SOLD
$4,150,000

New York

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Development Site5,400 SF
Sold 05/01/2026
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Property Image
SOLD

Shao Group Acquires Development Site From Filingeri Family In Astoria For $4.15M

3-02 26th Avenue, 304 26th Avenue, 26-09 3rd Street & 26-11 3rd Street

See Similar Deals
Development Site5,400 SF
Sold 05/01/2026
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Summary

NEW YORK
Asset Type:Development Site
Price Per Square Foot:$768
Total Square Footage:5,400 SF
Transaction Type:Sale

This transaction involves a development site located at 3-02 26th Avenue, 304 26th Avenue, 26-09 3rd Street, and 26-11 3rd Street in Astoria. The sale price was $4,150,000, with a building square footage (BSF) of 21,000, resulting in a price per building square foot (PPBSF) of $198. The site has a total square footage (SF) of 5,400, equating to a price per square foot (PPSF) of $769.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $4,150,000
  • Buyer: Shao Group
  • Seller: Filingeri Family
  • Broker Representatives: Josh Goldflam & Rodney Nassimian - Highcap Group
  • BSF: 21,000
  • PPBSF: $198
  • SF: 5,400
  • PPSF: $769

The property was represented by brokers Josh Goldflam and Rodney Nassimian from Highcap Group. The transaction involved a four-lot assemblage intended for residential condominium development.

Players

Josh Goldflam
29 deals$278.1M volume
BROKER

Rodney Nassimian
Highcap Group
18 deals$73.1M volume(516) 424-7455
BROKER

Details

SOLD
IMAGE: Josh Goldflam & Rodney Nassimian DATE: 5/1/2026 ADDRESS: 3-02 26th Avenue, 304 26th Avenue, 26-09 3rd Street & 26-11 3rd Street MARKET: Astoria ASSET TYPE: Development Site BUYER: Shao Group SELLER: Filingeri Family BROKERS: Josh Goldflam (@JoshGoldflam) & Rodney Nassimian (@OldRodIsBack) - Highcap Group (@Highcap_Group) SALE PRICE: $4,150,000 BSF: 21,000 ~ PPBSF: $198 SF: 5,400 ~ PPSF: $769 NOTE FROM BROKER: 4 lot assemblage for residential condo development

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

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