Sagar Datta Acquires Development Site In Long Island City From Gaston Rodriguez For $1.65M
SOLD
$1,650,000
New York
See Similar DealsDevelopment Site1,750 SF
Sold
SOLD
Sagar Datta Acquires Development Site In Long Island City From Gaston Rodriguez For $1.65M
39 39 Crescent Street
See Similar DealsDevelopment Site1,750 SF
Sold
Summary
NEW YORK
Asset Type:Development Site
Price Per Square Foot:$942
Total Square Footage:1750 SF
Transaction Type:Sale
A development site located at 39-39 Crescent Street in Long Island City has been sold for $1,650,000. The property spans 1,750 square feet, resulting in a price per square foot of $942.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $1,650,000
- Address: 39-39 Crescent Street
- Market: Long Island City
- Buyer: Sagar Datta
- Seller: Gaston Rodriguez
- Broker: Dean Abouelhassan - Landair Advisors
- Square Footage: 1,750
- Price per Square Foot: $942
Dean Abouelhassan represented the seller in this transaction, successfully coordinating a short closing timeline. The property went under contract on January 5th and closed on January 30th. The transaction was efficiently facilitated with the assistance of Bill Vasiliadis, Esq.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$88,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,862.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,821.84
Annual Debt Service$93,862.10
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