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41-22 44th Street

Updated Mar 31, 2026

Bilt advertisement
Shawn Hank Acquires Development Site At 41-22 44th Street From Harry Lee For $4.25M
SOLDDevelopment Site

Shawn Hank Acquires Development Site At 41-22 44th Street From Harry Lee For $4.25M

41-22 44th Street

$4,250,000

$850/SF

Building Size

5,000 SF

Asset Type

Development Site

Closing

Mar 5, 2026

About this deal

AI

The property involved in the transaction is a development site located at 41-22 44th Street in Sunnyside. The sale was executed for a transaction amount of $4,250,000, with a building square footage (BSF) of 20,000. The price per building square foot (PPBSF) is $212, while the total square footage is 5,000, resulting in a price per square foot (PPSF) of $850.

Summary of transaction details:

Shawn Hank is the buyer of the development site, and Harry Lee is the seller. The transaction involved the brokerage services of Alexandre Goulet, Anand Melwani, and Dean Abouelhassan from Landair Advisors, who facilitated the deal.

Players

Alexandre Goulet

Landair Advisors

Broker

$167.5M

vol

47 deals

Broker

Sunnyside Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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Deal FAQ

About $850 per square foot on a published $4.3M for 5,000 square feet (2026).

Visit Alexandre (Alex) Goulet to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.73%

Cash-on-Cash

-1.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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