Updated Sep 17, 2026
Mohammed HZ Khan Sells Development Site In Astoria For $1,875,000 With Broker Alexandre Goulet
33-10 28th Avenue
$1,875,000
$1,041/SF
Building Size
1,800 SF
Asset Type
Development Site
Closing
Sep 1, 2026
About this deal
AI
The property asset involved in this transaction is a development site located at 33-10 28th Avenue in Astoria. The sale price for this asset was $1,875,000, with a building square footage of 8,171 and a price per building square foot calculated at $229. The site features 1,800 square feet, with a price per square foot of $1,041.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $1,875,000
- BSF: 8,171
- PPBSF: $229
- SF: 1,800
- PPSF: $1,041
- Seller: Mohammed HZ Khan
- Broker: Alexandre Goulet - Landair Advisors
- Date of Transaction: 09/01/2026
The deal was completed with a note from the broker indicating that the buyer closed in a 30-day timeframe, with the property delivered as-is.
On the Map
$1,875,000
$1,041/SF
Development Site
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Players
Astoria 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
8.46%
Cash-on-Cash
-2.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93