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Development Site Advisors Facilitates $31 Million Sale Of Development Site In Astoria

Property Image
SOLD
$31,000,000

New York

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Development Site22,630 SF
Sold 05/13/2026
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Property Image
SOLD

Development Site Advisors Facilitates $31 Million Sale Of Development Site In Astoria

47-01 Northern Boulevard

See Similar Deals
Development Site22,630 SF
Sold 05/13/2026
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Development Site
Price Per Square Foot:$1,369
Total Square Footage:22,630 SF
Transaction Type:Sale

The property asset involved in this transaction is located at 47-01 Northern Boulevard in the Astoria market. The sale price for this development site was $31,000,000, with a built square footage (BSF) of 149,856, resulting in a price per built square foot (PPBSF) of $206. The total square footage (SF) is 22,630, equating to a price per square foot (PPSF) of $1,369.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $31,000,000
  • Address: 47-01 Northern Boulevard
  • Market: Astoria
  • BSF: 149,856
  • PPBSF: $206
  • SF: 22,630
  • PPSF: $1,369

Rubin Isak from Development Site Advisors represented the transaction, providing insights into how brokers can focus on relationships and closings while leveraging their expertise in handling back-office operations.

Players

Rubin Isak
Development Site Advisors
Rubin Isak
23 deals$231.8M volume(646) 775-3488
BROKER

Details

SOLD
IMAGE: Rubin Isak DATE: 5/13/2026 ADDRESS: 47-01 Northern Boulevard MARKET: Astoria ASSET TYPE: Development Site BROKER: Rubin Isak (@RubinIsak) - Development Site Advisors (@DevelopmentSiteAdvisors) SALE PRICE: $31,000,000 BSF: 149,856 ~ PPBSF: $206 SF: 22,630 ~ PPSF: $1,369 NOTEE FROM BROKER: Are you a broker passionate about development sites and air rights? Reach out to learn how Development Site Advisors® helps brokers focus on relationships and closings while we handle the back office.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

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Cap Rate

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Cash Flow (Annual)-$110,136.45
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