Updated Sep 9, 2024
Emma Chen Acquires Woodside Development Site From Keane Family For $1.5M
43-22 63rd Street, Queens, New York 11377, United States
$1,500,000
$133/SF
Building Size
11,250 SF
Asset Type
Development Site
Closing
May 4, 2022
About this deal
AI
A development site located at 43-22 63rd St. in Woodside, Queens was recently sold for a price of $1,500,000. The property spans a total square footage of 11,250 and has a price per buildable square foot (PPBSF) of $133. The sale took place on 05/05/2022. The buyer of the property is Emma Chen, while the seller is the Keane Family. The transaction was facilitated by Alexandre Goulet of Landair Property Advisors.
Summary of transation details
- Property Type: Development Site
- Transaction Amount: $1,500,000
- Address: 43-22 63rd St., Woodside, Queens
- Date: 05/05/2022
- Buyer: Emma Chen
- Seller: Keane Family
- Broker: Alexandre Goulet - Landair Property Advisors
- Total Square Footage: 11,250
- Price per Buildable Square Foot (PPBSF): $133
Alexandre Goulet of Landair Property Advisors played a crucial role as the broker in this transaction, representing either the buyer or the seller. Their expertise and involvement facilitated the successful sale of the development site in Woodside, Queens.
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
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93