Updated Oct 29, 2024
Nicholas Girardi And William Lindenmeier Acquire Development Site On Junction Blvd In Jackson Heights For $2.3M
33-25 Junction Blvd, Flushing, NY 11372, USA
$2,296,000
$14/SF
Building Size
163,080 SF
Asset Type
Development Site
Closing
Dec 25, 2019
About this deal
AI
A development site located at 33-25 Junction Blvd and 33-27 Junction Blvd in Jackson Heights has been sold for $2,296,000. The site has a buildable square footage (BSF) of 16,308 and a price per buildable square footage (PPBSF) of $140.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $2,296,000
- Buildable Square Footage: 16,308
- Price per Buildable Square Footage: $140
- Address: 33-25 Junction Blvd, 33-27 Junction Blvd, Jackson Heights
- Market: Jackson Heights
The seller of the development site was Jose Bentancur, representing Best Glory Land LLC. The buyers of the property are Nicholas Girardi and William Lindenmeier. Manuel Vargas acted as the buyer's representative in the deal.
Jackson Heights 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
6.91%
Cash-on-Cash
-1.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93