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Waldman Family Purchases Development Site From Matthew Schwartz For $4.8 Million In East Elmhurst

Property Image
SOLD
$4,800,000

New York

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Development Site9,200 SF
Sold 02/27/2025
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Property Image
SOLD

Waldman Family Purchases Development Site From Matthew Schwartz For $4.8 Million In East Elmhurst

30 01 Northern Boulevard

See Similar Deals
Development Site9,200 SF
Sold 02/27/2025
Contact now

Summary

NEW YORK
Asset Type:Development Site
Price Per Square Foot:$521
Total Square Footage:9,200 SF
Transaction Type:Sale

The asset involved in this transaction is a development site located at 30-01 Northern Boulevard in East Elmhurst. The sale price is set at $4,800,000, with a building square footage of 24,000 and a price per building square foot of $200. The site itself has a total square footage of 9,200, resulting in a price per square foot of $521.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $4,800,000
  • Address: 30-01 Northern Boulevard
  • Market: East Elmhurst
  • Building Square Footage: 24,000
  • Price per Building Square Foot: $200
  • Total Square Footage: 9,200
  • Price per Square Foot: $521
  • Buyer: Waldman Family
  • Seller: Matthew Schwartz
  • Broker: Joe Brikman - Brooklyn Blocks Real Estate

The key individuals involved in the transaction include the buyer, Waldman Family, and the seller, Matthew Schwartz. Joe Brikman, from Brooklyn Blocks Real Estate, represents the buyer in this deal, facilitating the transaction process.

Players

Joe Brikman
7 deals$22.5M volume(718) 669-0316
BROKER

Matthew Schwartz
8 deals$802.5M volume
SELLER

Details

SOLD
IMAGE: Joe Brikman DATE: 02/27/2025 ADDRESS: 30-01 Northern Boulevard MARKET: East Elmhurst ASSET TYPE: Development Site BUYER: Waldman Family SELLER: Matthew Schwartz BROKER: Joe Brikman (@JoeBrik) - Brooklyn Blocks Real Estate (@Brooklyn_Blocks) SALE PRICE: $4,800,000 BSF: 24,000 ~ PPBSF: $200 SF: 9,200 ~ PPSF: $521

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$17,053.38
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