Updated Dec 21, 2023
Wildflower Acquires Development Site In Astoria, Queens For $71.6M With Partners Robert De Niro And Raphael De Niro
36-10 19th Ave, Astoria, NY 11105, USA
$71,600,000
$31/SF
Building Size
2,286,900 SF
Asset Type
Development Site
Closing
Jan 29, 2020
About this deal
AI
A development site located at 36-10 19th Avenue in Queens, Astoria has been sold for a total price of $71,600,000. The property spans approximately 228,690 square feet and is zoned for development. The price per buildable square foot is $313.
Summary of transation details
- Property Type: Development site
- Transaction Amount: $71,600,000
- Address: 36-10 19th Avenue, Queens, Astoria
- Market: Queens, Astoria
- Square Footage: 228,690
- Price per Buildable Square Foot: $313
The property was purchased by Wildflower, led by Adam Gordon and Matt Dicker, who partnered up with Robert De Niro, Raphael De Niro, and Jane Rosenfeld of Tribeca Enterprises. The transaction was closed on the specified date.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.22%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93