Jimmy Yang Acquires Development Site In Astoria For $1,970,000 From Mike Marziliano
32-45 37th Street
$1,970,000
$684/SF
Building Size
2,880 SF
Asset Type
Development Site
Closing
Jun 29, 2026
AI
The asset involved in this transaction is a development site located at 32-45 37th Street in Astoria. The sale price for this property was $1,970,000, with a building square footage (BSF) of 7,500 and a price per building square foot (PPBSF) of $263. Additionally, the property has a square footage (SF) of 2,880 and a price per square foot (PPSF) of $684.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $1,970,000
- Buyer: Jimmy Yang
- Seller: Mike Marziliano
- Broker Representatives: Nicholas Halvatzis & Orly Sroka - Amorelli Realty
This transaction features participation from Jimmy Yang as the buyer, while Mike Marziliano served as the seller. The brokerage firm Amorelli Realty was represented by Nicholas Halvatzis and Orly Sroka, who facilitated this real estate transaction.
Players
Market 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
8.05%
Cash-on-Cash
-2.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93