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Tom Wu's ZD Jasper Acquires Development Site In Woodside, Queens For $9.65M

Property Image
SOLD
$9,650,000
Ethan Stanton
Brendan Maddigan
Winfield Clifford
+ 4

New York

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Development Site69,000 SF
Sold 12/15/2021
the dealplayerscompscontact
Property Image
SOLD

Tom Wu's ZD Jasper Acquires Development Site In Woodside, Queens For $9.65M

43-13 52nd Street, Woodside, NY 11377

See Similar Deals
Development Site69,000 SF
Sold 12/15/2021
Ethan Stanton
Brendan Maddigan
Winfield Clifford
+ 4
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Development Site
Price Per Square Foot:$139
Total Square Footage:69,000 SF
Transaction Type:Sale

A development site located at 43-13 52nd Street in Woodside, Queens has been sold for a price of $9,650,000. The property boasts a total square footage of 69,000, with a price per square foot of $139. The transaction took place on December 15, 2021.

Summary of transaction details

The buyer in this transaction is Tom Wu from ZD Jasper, while the seller is The Pomerantz Family. The deal was facilitated by brokers Brendan Maddigan, Ethan Stanton, Stephen Palmese, Michael Mazzara, and Winfield Clifford from JLL.

Players

Brendan Maddigan
JLL
Brendan Maddigan
125 deals$4.7B volume(508) 733-8445
BROKER
Ethan Stanton
JLL
Ethan Stanton
133 deals$6.1B volume(516) 790-7718
BROKER
Winfield Clifford
JLL
Winfield Clifford
75 deals$2.6B volume(212) 376-5443
BROKER
Michael Mazzara
JLL
Michael Mazzara
111 deals$3.9B volume(212) 376-5450
BROKER
Stephen Palmese
JLL
Stephen Palmese
84 deals$3.3B volume(212) 376-1228
BROKER
The Corcoran Group
The Corcoran Group
BROKERAGE
TW
ZD Jasper
Tom Wu
5 deals$294.4M volume
BUYER
PF
Pomerantz Family
5 deals$71M volume
SELLER

Details

SOLD
IMAGE: Brendan Maddigan, Ethan Stanton, Stephen Palmese, Winfield Clifford & Michael Mazzara DATE: 12/15/2021 ADDRESS: 43-13 52nd Street MARKET: Woodside, Queens ASSET TYPE: Development Site BUYER: Tom Wu - ZD Jasper SELLER: The Pomerantz Family BROKERS: Brendan Maddigan (@BrendanMaddigan), Ethan Stanton, Stephen Palmese (@StephenPalmese), Michael Mazzara & Winfield Clifford - JLL (@JLL) SALE PRICE: $9,650,000 BSF: 69,000 ~ PPBSF: $139

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$34,284.40
Cash-on-Cash Return-1.27%
Monthly Debt Service$45,745.92
Annual Debt Service$548,951.08