Updated Dec 18, 2023
Leo Kaufman Acquires Development Site In Queens, Ridgewood For $2.2M
314 Woodward Ave, Queens, NY 11385, USA
$2,200,000
$178/SF
Building Size
12,347 SF
Asset Type
Development Site
Closing
Aug 20, 2019
About this deal
AI
A development site located at 314 Woodward Avenue in Queens, Ridgewood was recently sold in a closed transaction. The property, with a building square footage (BSF) of 12,347, was sold for a price of $2,200,000, resulting in a price per BSF (PPBSF) of $164.
Summary of transaction details
- Property Type: Development Site
- Sale Price: $2,200,000
- Address: 314 Woodward Avenue
- Market: Queens, Ridgewood
- BSF: 12,347
- PPBSF: $164
- Seller: Frank Pagnani
- Buyer: Leo Kaufman
- Brokers: Brian Davila, Derek Bestreich, Steve Reynolds, Tom Reynolds - Bestreich Realty Group
The deal was facilitated by the brokers Brian Davila, Derek Bestreich, Steve Reynolds, and Tom Reynolds from Bestreich Realty Group.
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
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93