Updated Mar 31, 2026
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:
- Property Type: Development Site
- Transaction Amount: $4,250,000
- Address: 41-22 44th Street
- Market: Sunnyside
- BSF: 20,000
- PPBSF: $212
- SF: 5,000
- PPSF: $850
- Buyer: Shawn Hank
- Seller: Harry Lee
- Brokers: Alexandre Goulet, Anand Melwani & Dean Abouelhassan - Landair Advisors
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.
On the Map
$4,250,000
$850/SF
Development Site
View full map
Players
Sunnyside Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Deal FAQ
Visit Alexandre (Alex) Goulet to view all their deals.
Browse Sunnyside development site sales on Traded.
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