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ZD Jasper Acquires Development Site At 45-35 Davis Street Long Island City For $24.1M

Property Image
SOLD
$24,100,000
Matthew (Matt) Rosenzweig
Jonathan Eshaghian
Jakub Nowak
+ 1

New York

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Development Site75,000 SF
Sold
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Property Image
SOLD

ZD Jasper Acquires Development Site At 45-35 Davis Street Long Island City For $24.1M

45 35 Davis Street

See Similar Deals
Development Site75,000 SF
Sold
Matthew (Matt) Rosenzweig
Jonathan Eshaghian
Jakub Nowak
+ 1
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Development Site
Price Per Square Foot:$321
Total Square Footage:75000 SF
Transaction Type:Sale

The development site located at 45-35 Davis Street in Long Island City has been sold for $24,100,000. The asset encompasses a total square footage of 75,000, equating to a price per square foot of $321.

Summary of transaction details:

The Nowak Group of Marcus & Millichap represented the seller and successfully executed a marketing campaign directed at qualified developers. The collaboration included efforts with Isaacson Corp, resulting in a notable transaction for this block.

Players

Jonathan Eshaghian
Jonathan Eshaghian
18 deals$155.6M volume(917) 733-8879
BROKER
Jakub Nowak
Marcus & Millichap
Jakub Nowak
80 deals$432.5M volume
BROKER
Matthew (Matt) Rosenzweig
Marcus & Millichap
Matthew Rosenzweig
19 deals$113.8M volume
BROKER
Simona Eshaghian
Simona Eshaghian
1 deal$24.1M volume
BROKER
Marcus & Millichap
Marcus & Millichap
BROKERAGE
IE
Isaacson Real Estate
BROKERAGE
ZD Jasper
ZD Jasper
BUYER

Details

SOLD
IMAGE: Jakub Nowak, Matthew Rosenzweig, Simona Eshaghian & Jonathan Eshaghian DATE: 12/5/2025 ADDRESS: 45-35 Davis Street MARKET: Long Island City ASSET TYPE: Development Site BUYER: ZD Jasper SELLER: Ernie Henick BROKERS: Jakub Nowak (@Jakub_H_Nowak) & Matthew Rosenzweig (@MattRosenzweig) - Marcus & Millichap (@MarcusMillichapInc); Simona Eshaghian (@Simona_Sells_CRE) & Jonathan Eshaghian (@J_Eshag) - Isaacson Real Estate SALE PRICE: $24,100,000 SF: 75,000 ~ PPSF: $321 NOTE FROM BROKER: The Nowak Group of Marcus & Millichap exclusively represented the seller and leveraged a broad-reaching marketing campaign targeting qualified developers to negotiate a record price of $321 per ZSF for this block. A big thank you to our friends at Isaacson Corp for our collaboration. Please reach out to Jakub Nowak (718) 475-4353 or Matthew Rosenzweig at (718) 475-4366 to learn more about similar deals throughout NYC or to discuss the various options available to maximize the value of your NYC development opportunity.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$85,622.22
Cash-on-Cash Return-1.27%
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