Updated Dec 4, 2024
Jing Wen Ji Acquires Development Site In Astoria, Queens For $2.7M
9-06 27th Avenue
$2,700,000
Building Size
—
Asset Type
Development Site
Closing
Oct 13, 2023
About this deal
AI
A development site located at 9-06 27th Avenue in Astoria, Queens has been sold for a price of $2,700,000. The property has a building square footage (BSF) of 15,560 and a price per BSF (PPBSF) of $174. This transaction took place on October 13, 2023.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $2,700,000
- Address: 9-06 27th Avenue, Astoria, Queens
- Market: Astoria, Queens
- Buyer: Jing Wen Ji
- Brokers: Nick Kolbus & Dylan Walsh - Cushman & Wakefield
Jing Wen Ji is the buyer of the development site. The deal was facilitated by brokers Nick Kolbus and Dylan Walsh from Cushman & Wakefield.
Players
Astoria 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
5.88%
Cash-on-Cash
-1.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93