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42 25 Queens Boulevard

42 25 Queens Boulevard
SOLDDevelopment Site

42 25 Queens Boulevard

42 25 Queens Boulevard

$6,650,000

Building Size

Asset Type

Development Site

Closing

Dec 20, 2012

AI

The property involved in this transaction is a development site located at 42 25 Queens Boulevard in the Sunnyside market. The sale price was set at $6,650,000.00, reflecting the asset's value within the current real estate landscape.

Summary of transation details:

This transaction involved key participants such as buyer Gina Argento, who acquired the development site, and seller Charlie Terrasi, who divested the property. The deal was facilitated by broker Evan Daniel from Modern Spaces, representing the interests involved in the sale.

Players

Evan Daniel

Modern Spaces

Broker

$347.5M

vol

65 deals

Broker
Gina Argento

Gina Argento

Buyer

$87.4M

vol

8 deals

Buyer

Charlie Terrasi

Seller
Seller

Sunnyside Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.39%

Cash-on-Cash

-0.68%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93