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
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