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:
- Property Type: Development Site
- Transaction Amount: $2,800,000
- Building Square Feet: 13,760
- Price per Building Square Foot: $203
- Sale Square Feet: 4,000
- Price per Square Foot: $700
- Buyer: Zunren Guan
- Seller: Robert Berry
- Brokers: Alexandre Goulet, Christopher Daniels, Anand Melwani & Dean Abouelhassan - Landair Property Advisors
- Transaction Date: 08/27/2024
- Market: Rego Park
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
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