Updated Dec 20, 2023
Hooshang Nemat Acquires Development Site In Woodside, Queens For $1.85M
70-01 Queens Blvd, Queens, NY 11377, USA
$1,850,000
$169/SF
Building Size
10,930 SF
Asset Type
Development Site
Closing
Mar 10, 2020
About this deal
AI
A development site located at 70-01 Queens Blvd in Woodside, Queens, has been sold for a price of $1,850,000. The property has a building square footage (BSF) of 10,930 and a price per building square footage (PPBSF) of $170.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $1,850,000
- BSF: 10,930
- PPBSF: $170
The seller of the development site is Steven Li, while the buyer is Hooshang Nemat. The deal was facilitated by brokers Stephen R. Preuss, Kevin Louie, and Rani Bendary of TeamPreuss.
On the Map
$1,850,000
$169/SF
Development Site
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.57%
Cash-on-Cash
-2.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93