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Zunren Guan Acquires Development Site At 65-01 Booth Street In Rego Park For $2.8M

Property Image
SOLD
$2,800,000
Anand Melwani
Christopher Daniels
+ 1

New York

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Development Site4,000 SF
Sold 08/27/2024
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Property Image
SOLD

Zunren Guan Acquires Development Site At 65-01 Booth Street In Rego Park For $2.8M

65-01 Booth Street

See Similar Deals
Development Site4,000 SF
Sold 08/27/2024
Anand Melwani
Christopher Daniels
+ 1
Contact now

Summary

NEW YORK
Asset Type:Development Site
Price Per Square Foot:$700
Total Square Footage:4,000 SF
Transaction Type:Sale

A development site located at 65-01 Booth Street in Rego Park has been sold for $2,800,000. This transaction covers a total building square footage of 4,000, leading to a price per square foot of $700. Additionally, the property has a building size of 13,760 with a priced per building square foot of $203.

Summary of transaction details:

Key individuals involved in this transaction include the buyer Zunren Guan and the seller Robert Berry. The transaction was facilitated by the brokers from Landair Property Advisors, specifically Alexandre Goulet, Christopher Daniels, Anand Melwani, and Dean Abouelhassan, who represented the parties in this deal.

Players

Alexandre (Alex) Goulet
45 deals$163.2M volume
BROKER

Anand Melwani
Landair Advisors
41 deals$168.7M volume(516) 658-1222
BROKER

Christopher Daniels
Landair Advisors
9 deals$24.9M volume(917) 238-9119
BROKER

Dean Abouelhassan
Landair Advisors
11 deals$44.8M volume(516) 532-5385
BROKER

Details

SOLD
IMAGE: Alexandre Goulet, Christopher Daniels, Anand Melwani & Dean Abouelhassan DATE: 08/27/2024 ADDRESS: 65-01 Booth Street MARKET: Rego Park ASSET TYPE: Development Site BUYER: Zunren Guan SELLER: Robert Berry BROKERS: Alexandre Goulet, Christopher Daniels, Anand Melwani (@Armyourself21) & Dean Abouelhassan (@LongIslandCRE) - Landair Property Advisors (@LandairPropertyAdvisors) SALE PRICE: $2,800,000 BSF: 13,760 ~ PPBSF: $203 SF: 4,000 ~ PPSF: $700

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$9,947.82
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