Updated Sep 30, 2026
Daryl Hagler Acquires Development Site In Ridgewood Queens From Arch Companies & Meir Babaev For $75.8M
3-50 Saint Nicholas Avenue
$75,800,000
$299/SF
Building Size
252,850 SF
Asset Type
Development Site
Closing
Sep 29, 2026
About this deal
AI
The development site at 3-50 Saint Nicholas Avenue in Ridgewood, Queens, was sold for $75.8 million, with a total square footage of 252,850 and a price per square foot of $300.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $75,800,000
- Address: 3-50 Saint Nicholas Avenue
- Market: Ridgewood, Queens
- Square Footage: 252,850
- Price per Square Foot: $300
- Buyer: Daryl Hagler
- Seller: Arch Companies & Meir Babaev - AB Capstone
Daryl Hagler was the buyer in this transaction, acquiring the property from the sellers, Arch Companies and Meir Babaev, who are associated with AB Capstone.
On the Map
$75,800,000
$299/SF
Development Site
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Players
Ridgewood 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
0.21%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93