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Robert Hu Acquires Development Site In Astoria From Cougoulos Family For $1.93M

Property Image
SOLD
$1,930,000

New York

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Development Site1,910 SF
Sold 05/28/2026
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Property Image
SOLD

Robert Hu Acquires Development Site In Astoria From Cougoulos Family For $1.93M

31-30 28th Road

See Similar Deals
Development Site1,910 SF
Sold 05/28/2026
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Summary

NEW YORK
Asset Type:Development Site
Price Per Square Foot:$1,010
Total Square Footage:1,910 SF
Transaction Type:Sale

The asset involved in this transaction is a development site located at 31-30 28th Road in Astoria. The property sold for a total price of $1,930,000. It encompasses a building square footage of 7,074, translating to a price per building square foot of $272. The total square footage of the property is 1,910, with a price per square foot of $1,010.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $1,930,000
  • Address: 31-30 28th Road
  • Market: Astoria
  • Building Square Footage: 7,074
  • Price Per Building Square Foot: $272
  • Total Square Footage: 1,910
  • Price Per Square Foot: $1,010
  • Buyer: Robert Hu
  • Seller: Cougoulos Family
  • Broker: Alexandre Goulet - Landair Advisors

The deal involved Robert Hu as the buyer and the Cougoulos Family as the seller. The transaction was facilitated by broker Alexandre Goulet from Landair Advisors, representing the parties involved in this transaction.

Players

Alexandre (Alex) Goulet
44 deals$161.2M volume
BROKER

Robert Hunter
3 deals$10.6M volume
BUYER

Details

SOLD
IMAGE: Alexandre Goulet DATE: 5/28/2026 ADDRESS: 31-30 28th Road MARKET: Astoria ASSET TYPE: Development Site BUYER: Robert Hu SELLER: Cougoulos Family BROKER: Alexandre Goulet - Landair Advisors (@LandairAdvisors) SALE PRICE: $1,930,000 BSF: 7,074 ~ PPBSF: $272 SF: 1,910 ~ PPSF: $1,010

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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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