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Sherry Tucker Of WellLife Network Acquires Development Site From Grace Episcopal Church For $9M
SOLD
$9,000,000
New York
See Similar DealsDevelopment Site
Sold 01/25/2026
SOLD
Sherry Tucker Of WellLife Network Acquires Development Site From Grace Episcopal Church For $9M
90 20 Parsons Boulevard
See Similar DealsDevelopment Site
Sold 01/25/2026
Summary
NEW YORK
Asset Type:Development Site
Transaction Type:Sale
A development site located at 90-20 Parsons Boulevard in Jamaica, Queens, is currently under contract for a sale price of $9,000,000. The property offers a buildable area of up to 90,000 square feet, thanks to additional air rights, with a building square feet (BSF) of 39,000 and a price per building square foot (PPBSF) of $231.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $9,000,000
- Address: 90-20 Parsons Boulevard
- Market: Jamaica, Queens
- Buyer: Sherry Tucker - WellLife Network
- Seller: Grace Episcopal Church
- BSF: 39,000
- PPBSF: $231
Sherry Tucker, representing WellLife Network, has signed a contract to purchase the development site from Grace Episcopal Church, securing significant buildable potential in a prime location.
Players
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$480,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$31,975.10
Cash-on-Cash Return-1.27%
Monthly Debt Service$42,664.59
Annual Debt Service$511,975.10
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