Ralph Cafiero Sells Development Site At 92-15 Astoria Boulevard For $1M With Gerlando Graci As Buyer's Rep
SOLD
$1,000,000
New York
See Similar DealsDevelopment Site2,808 SF
Sold
SOLD
Ralph Cafiero Sells Development Site At 92-15 Astoria Boulevard For $1M With Gerlando Graci As Buyer's Rep
92 15 Astoria Boulevard
See Similar DealsDevelopment Site2,808 SF
Sold
Summary
NEW YORK
Asset Type:Development Site
Price Per Square Foot:$356
Total Square Footage:2808 SF
Transaction Type:Sale
A development site located at 92-15 Astoria Boulevard in the East Elmhurst market has been sold for $1,000,000. The property spans 2,808 square feet, resulting in a price per square foot of $356.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $1,000,000
- Address: 92-15 Astoria Boulevard
- Market: East Elmhurst
- Seller: Ralph Cafiero
- Buyer's Representative: Gerlando Graci - Alexiou Realty
This transaction was represented by Gerlando Graci, who successfully facilitated the purchase of the development site. Graci expressed enthusiasm about the project’s potential and is open to connections for those interested in development opportunities.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$53,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,552.80
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,740.51
Annual Debt Service$56,886.12
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