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65-01 Booth Street

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

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

65-01 Booth Street

$2,800,000

$700/SF

Building Size

4,000 SF

Asset Type

Development Site

Closing

Aug 27, 2024

AI

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 Goulet

Landair Advisors

Broker

$163.2M

vol

45 deals

Broker

Rego Park 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

5.67%

Cash-on-Cash

-1.62%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93