Updated Dec 30, 2025
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
$1,200,000
$480/SF
Development Site
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Woodmere 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
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93