Updated Dec 21, 2023
Xiao Ke Tang Acquires Development Site In Sunnyside For $3.25M
43-25 52nd Street, Queens, New York 11377, United States
$3,250,000
$325/SF
Building Size
10,000 SF
Asset Type
Development Site
Closing
May 17, 2022
About this deal
AI
The development site located at 43-25 52nd Street in Sunnyside has been sold. The property spans a total of 10,000 square feet and was sold for a price of $3,250,000. This translates to a price per square foot of $325.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $3,250,000
- Address: 43-25 52nd Street, Sunnyside
- Market: Sunnyside
- Buyer: Xiao Ke Tang
- Seller: Gabriel Blau & Joshua Deutsch
- Square Footage: 10,000
- Price per Square Foot: $325
Xiao Ke Tang has acquired the property from the sellers, Gabriel Blau & Joshua Deutsch. The sale marks a successful transaction in the Sunnyside market.
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
4.88%
Cash-on-Cash
-1.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93