Aditya Shah And Palwinder Singh Acquire Development Site In Astoria, Queens For $3.4M
36-31 31st Street
$3,400,000
$197/SF
Building Size
17,214 SF
Asset Type
Development Site
Closing
Aug 8, 2024
AI
This development site is located at 36-31 31st Street in Astoria, Queens. The property was sold for a total of $3,400,000, with a building square footage (BSF) of 17,214 and a price per building square foot (PPBSF) of $197. The total square footage (SF) is also 17,214, maintaining the same price per square foot (PPSF) of $197.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $3,400,000
- BSF: 17,214
- PPBSF: $197
- SF: 17,214
- PPSF: $197
- Buyer: Aditya Shah & Palwinder Singh
- Seller: Debra Deow
- Broker Representatives: Alexandre Goulet, Dean Abouelhassan, Anand Melwani & Christopher Daniels - Landair Property Advisors
Aditya Shah and Palwinder Singh were the buyers in this real estate transaction. Debra Deow acted as the seller. The brokers who facilitated the deal were Alexandre Goulet, Dean Abouelhassan, Anand Melwani, and Christopher Daniels from Landair Property Advisors.
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
4.67%
Cash-on-Cash
-1.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93