Updated Sep 9, 2024
Ahdoot Family Acquires Development Site In Arverne, Queens For $526K
7212 Burchell Avenue, Arverne, NY 11692
$526,000
$58/SF
Building Size
9,000 SF
Asset Type
Development Site
Closing
Mar 30, 2021
About this deal
AI
The development site located at 72-12 Burchell Ave in Arverne, Queens has been sold. The transaction took place on March 31, 2021. The buyer of the property is the Ahdoot Family.
Summary of Transaction Details:
- Property Type: Development Site
- Sale Price: $526,000
- Building Square Footage (BSF): 9,000
- Price Per Building Square Foot (PPBSF): $58
- Market: Arverne, Queens
The sale of the property was facilitated by Eric Delafraz from @RealtyCapitalNY. He represented the Ahdoot Family in the transaction.
The development site sale at 7212 Burchell Avenue, Arverne, NY 11692 in New York, New York sold for $526K in 2021. The building is 9,000 square feet, implying about 58 per square foot on the published price. Eric Delafraz, Ahdoot Family, Ripco appear on the sale alongside Ripco. This page is the New York, New York file for the 7212 Burchell Avenue, Arverne, NY 11692 development site sold: pricing, party profiles, and other closed development site comps from the same New York sit in the Market section below. Filter that New York development site set by closing date to see what else sold near 7212 Burchell Avenue, Arverne, NY 11692 around 2021. Published consideration for 7212 Burchell Avenue, Arverne, NY 11692 is $526K, dated 2021. Cite this Ahdoot Family Acquires Development Site In Arverne, Queens For $526K sale when underwriting similar development site product around New York, New York.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
30.16%
Cash-on-Cash
-8.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93