facebook
Traded Co logo
Submit

Behrouz Shirazi, Nathan Shirazi & Masoud Farhangian Acquire Development Site In Rego Park For $2.26M

Property Image
SOLD
$2,260,000

New York

See Similar Deals
Development Site1,971 SF
Sold 07/30/2025
the dealplayerscompscontact
Property Image
SOLD

Behrouz Shirazi, Nathan Shirazi & Masoud Farhangian Acquire Development Site In Rego Park For $2.26M

65 71 Booth Street

See Similar Deals
Development Site1,971 SF
Sold 07/30/2025
Contact now

Summary

NEW YORK
Asset Type:Development Site
Price Per Square Foot:$1,146
Total Square Footage:1,971 SF
Transaction Type:Sale

The property involved in the transaction is a development site located at 65-71 Booth Street in Rego Park. The sale price of the asset was $2,260,000, with a building square footage of 13,760 and a price per building square foot of $164. The square footage of the property is recorded at 1,971, with a price per square foot of $1,146.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $2,260,000
  • Buyer: Behrouz Shirazi, Nathan Shirazi & Masoud Farhangian
  • Seller: Henry Krahn & Vicky Krahn
  • Seller's Representative: Mitra Hakimi - Mitra Hakimi Realty Group
  • Building Square Footage: 13,760
  • Price Per Building Square Foot: $164
  • Square Footage: 1,971
  • Price Per Square Foot: $1,146

Behrouz Shirazi, Nathan Shirazi, and Masoud Farhangian are the buyers involved in the transaction. The sellers, Henry Krahn and Vicky Krahn, were represented by Mitra Hakimi from Mitra Hakimi Realty Group. A note from the buyer mentioned that "condos/rentals coming soon."

Players

Mitra Hakimi
5 deals$11.2M volume(718) 268-5588
BROKER

Mitra Hakimi Realty Group
BROKERAGE

Details

SOLD
IMAGE: Mitra Hakimi & Nathan Shirazi DATE: 7/30/2025 ADDRESS: 65-71 Booth Street MARKET: Rego Park ASSET TYPE: Development Site BUYER: Behrouz Shirazi, Nathan Shirazi (@NathanShirazi30) & Masoud Farhangian SELLER: Henry Krahn & Vicky Krahn SELLER'S REP: Mitra Hakimi (@MitraHakimiRealtyGroup) - Mitra Hakimi Realty Group SALE PRICE: $2,260,000 BSF: 13,760 ~ PPBSF: $164 SF: 1,971 ~ PPSF: $1,146 NOTE FROM BUYER: “condos/ rentals coming soon”

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$120,533.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$8,029.31
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,713.55
Annual Debt Service$128,562.64