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22 29 90th Street

Updated Oct 12, 2026

Adam Gordon Mike Bowden And Wes Gordon Of Wildflower LTD Acquire Industrial Property In East Elmhurst For $9.6M
SOLDIndustrial

Adam Gordon Mike Bowden And Wes Gordon Of Wildflower LTD Acquire Industrial Property In East Elmhurst For $9.6M

22 29 90th Street

$9,600,000

$376/SF

Building Size

25,509 SF

Asset Type

Industrial

Closing

Jun 5, 2025

About this deal

AI

The property asset involved in the transaction is located at 22-29 90th Street in the East Elmhurst market. The sale was completed for a total price of $9,600,000. The asset is an industrial space encompassing 25,509 square feet, translating to a price per square foot of $376.

Summary of transaction details:

Wildflower LTD, known for developing urban infrastructure in New York City, will utilize the acquired site for a publicly accessible supercharger charging station operated by Revel. The company has a substantial portfolio, owning 3.5 million square feet in the city, and has partnered with Robert De Niro to open Wildflower Studios in Astoria.

On the Map

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$9,600,000

$376/SF

Industrial

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Players

David Junik

Pinnacle Realty of New York

Broker

$682.2M

vol

29 deals

Broker
Pinnacle Realty of New York
Pinnacle Realty of New YorkBrokerage
Adam Gordon

Adam Gordon

Wildflower

Buyer

$785.8M

vol

15 deals

Buyer
Wildflower
WildflowerBuyer

John Silviano

Barone Management

Seller

$45.2M

vol

5 deals

Seller
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Jackson Heights Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

About $376 per square foot on a published $9.6M for 25,509 square feet (2025).

Visit David Junik to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.65%

Cash-on-Cash

-0.47%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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