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30 14 21st Street

William Feng Acquires Development Site In Astoria For $1.55M From Ivanov Family, Brokered By Luca DiCiero & Faisal Gilani
SOLDDevelopment Site

William Feng Acquires Development Site In Astoria For $1.55M From Ivanov Family, Brokered By Luca DiCiero & Faisal Gilani

30 14 21st Street

$1,550,000

$968/SF

Building Size

1,600 SF

Asset Type

Development Site

Closing

Dec 28, 2025

AI

The property involved in this transaction is a development site located at 30-14 21st Street in the Astoria market. The sale price for this asset was $1,550,000, with a building square footage (BSF) of 10,032 and a price per building square foot (PPBSF) of $154. The property has a total square footage (SF) of 1,600, resulting in a price per square foot (PPSF) of $968.

Summary of transation details:

  • Property Type: Development Site
  • Transaction Amount: $1,550,000
  • Address: 30-14 21st Street
  • Market: Astoria
  • Building Square Feet: 10,032
  • Price per Building Square Feet: $154
  • Total Square Feet: 1,600
  • Price per Square Feet: $968
  • Buyer: William Feng
  • Seller: Ivanov Family
  • Seller's Representative: Luca DiCiero & Faisal Gilani - NY Space Finders

Key individuals in this transaction include the buyer William Feng, and the seller represented by the Ivanov Family, with the representation handled by Luca DiCiero and Faisal Gilani from NY Space Finders. This deal highlights the involvement of brokers with specific expertise in the Astoria market.

Players

Faisal Gilani

NY Space Finders

Broker

$27.4M

vol

46 deals

Broker
NY Space Finders
NY Space FindersBrokerage

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

10.23%

Cash-on-Cash

-2.92%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93