CapriJet Realty's Stellina Napolitano & Theo Eastwind Sell Queens Development Site For $5.73M
67-09 Fresh Pond Road, Queens, New York 11385, United States
$5,730,000
$258/SF
Building Size
22,156 SF
Asset Type
Development Site
Closing
Mar 11, 2022
AI
The development site located at 67-09 Fresh Pond Road in Queens was recently sold for a price of $5,730,000. The property spans a total of 22,156 square feet and is categorized as a development site. The transaction took place on March 11, 2022, and involved Tenny Yam as the buyer and David Koptiev as the seller.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $5,730,000
The sale of this development site was facilitated by the brokers Stellina Napolitano and Theo Eastwind from CapriJet Realty. The commercial division of Capri Jet Realty, known as CJ Commercial Branch, specializes in various types of deals such as development, retail, office, hotels, warehouse, and industrial properties. For any sales, leasing, or investment needs, interested parties can contact Stellina Napolitano at (646)-372-7145 or Theo Eastwind at (718) 536-7787.
Players
New York 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
2.77%
Cash-on-Cash
-0.79%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93