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862 Station Place

Updated Dec 30, 2025

Nathan Hai Acquires Development Site In Woodmere From Yossi Azour For $1.2M
SOLDDevelopment Site

Nathan Hai Acquires Development Site In Woodmere From Yossi Azour For $1.2M

862 Station Place

$1,200,000

$480/SF

Building Size

2,500 SF

Asset Type

Development Site

Closing

Dec 3, 2025

About this deal

AI

The transaction involved a development site located at 862 Station Place in the Woodmere market. The sale was completed for a total price of $1,200,000. The property spans a building square footage of 10,000, yielding a price per building square foot of $120. Additionally, the property has a total square footage of 2,500, which corresponds to a price per square foot of $480.

Summary of transation details:

  • Property Type: Development Site
  • Transaction Amount: $1,200,000
  • Building Square Footage: 10,000
  • Price Per Building Square Foot: $120
  • Total Square Footage: 2,500
  • Price Per Square Foot: $480
  • Buyer: Nathan Hai
  • Seller: Yossi Azour - A2Z Capital

Yossi Azour, representing A2Z Capital, facilitated the sale to Nathan Hai in this closed property transaction. The seller is actively interested in acquiring various types of distress properties across boroughs including Queens, Brooklyn, Bronx, and Manhattan, with an email contact of [email protected] for potential interests.

On the Map

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$1,200,000

$480/SF

Development Site

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Players

Yossi Azour

A2Z Capital

Seller

$19.9M

vol

13 deals

Seller
Bilt advertisement

Woodmere Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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Deal FAQ

About $480 per square foot on a published $1.2M for 2,500 square feet (2025).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

13.22%

Cash-on-Cash

-3.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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