Levy Family Acquires Development Site At 179-31 Tudor Road From Hochman Family For $2.35M
SOLD
$2,350,000
New York
See Similar DealsDevelopment Site3,208 SF
Sold 07/24/2025
SOLD
Levy Family Acquires Development Site At 179-31 Tudor Road From Hochman Family For $2.35M
179 31 Tudor Road
See Similar DealsDevelopment Site3,208 SF
Sold 07/24/2025
Summary
NEW YORK
Asset Type:Development Site
Price Per Square Foot:$732
Total Square Footage:3,208 SF
Transaction Type:Sale
The property asset involved in the transaction is a development site located at 179-31 Tudor Road in Jamaica. The sale price for the property was $2,350,000, with a building square footage (BSF) of 8,400 and a price per building square foot (PPBSF) of $279. The total square footage (SF) is 3,208, with a price per square foot (PPSF) of $732.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $2,350,000
- Building Square Footage: 8,400
- Price per Building Square Foot: $279
- Total Square Footage: 3,208
- Price per Square Foot: $732
- Buyer: Levy Family
- Seller: Hochman Family
- Seller's Representative: Roni Yaghoobzar - Safdie Realty Group
The sale of 179-31 Tudor Road was facilitated by Roni Yaghoobzar from Safdie Realty Group, who successfully represented the seller in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$125,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,349.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,140.20
Annual Debt Service$133,682.39
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