Updated May 8, 2026
Wei Chen Acquires Development Site At 39-39 Queens Boulevard In Sunnyside For $10.8M
39-39 Queens Boulevard
$10,800,000
$1,136/SF
Building Size
9,500 SF
Asset Type
Development Site
Closing
Apr 16, 2026
About this deal
AI
This development site located at 39-39 Queens Boulevard in the Sunnyside market involves a transaction with a sale price of $10,800,000. It has a building square footage (BSF) of 38,000, translating to a price per building square foot (PPBSF) of $284. The site also features a total square footage (SF) of 9,500, which corresponds to a price per square foot (PPSF) of $1,136.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $10,800,000
- Buyer: Wei Chen
- Seller: Kenny Kerr
- Broker: Cole Kinney Leonhardt - Brax Realty
The deal involved key individuals including the buyer, Wei Chen, and the seller, Kenny Kerr. The transaction was facilitated by broker Cole Kinney Leonhardt, representing Brax Realty in this deal.
On the Map
$10,800,000
$1,136/SF
Development Site
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Breezy Point 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
1.47%
Cash-on-Cash
-0.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93