facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Development Site

/

Sale

/

92 15 Astoria Boulevard

Ralph Cafiero Sells Development Site At 92-15 Astoria Boulevard For $1M With Gerlando Graci As Buyer's Rep
SOLDDevelopment Site

Ralph Cafiero Sells Development Site At 92-15 Astoria Boulevard For $1M With Gerlando Graci As Buyer's Rep

92 15 Astoria Boulevard

$1,000,000

$356/SF

Building Size

2,808 SF

Asset Type

Development Site

Closing

Sep 7, 2025

AI

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.

Players

Gerlando Graci

Alexiou Realty

Broker

$1M

vol

1 deal

Broker
Alexiou Realty
Alexiou RealtyBrokerage

East Elmhurst Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

15.86%

Cash-on-Cash

-4.53%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93