Tom Wu's ZD Jasper Acquires Development Site In Woodside, Queens For $9.65M
43-13 52nd Street, Woodside, NY 11377
$9,650,000
$139/SF
Building Size
69,000 SF
Asset Type
Development Site
Closing
Dec 15, 2021
AI
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
- Property Type: Development Site
- Transaction Amount: $9,650,000
- Address: 43-13 52nd Street, Woodside, Queens
- Market: Woodside, Queens
- Buyer: Tom Wu - ZD Jasper
- Seller: The Pomerantz Family
- Brokers: Brendan Maddigan, Ethan Stanton, Stephen Palmese, Michael Mazzara & Winfield Clifford - JLL
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
New York 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
1.64%
Cash-on-Cash
-0.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93