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22 29 90th Street

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

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:

  • Property Type: Industrial
  • Transaction Amount: $9,600,000
  • Buyer: Adam Gordon, Mike Bowden & Wes Gordon - Wildflower LTD
  • Seller: Scott Barone & John Silviano - Barone Management
  • Broker: David Junik - Pinnacle Realty of New York
  • SF: 25,509
  • PPSF: $376

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.

Players

David Junik

Pinnacle Realty of New York

Broker

$651.4M

vol

23 deals

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

Adam Gordon

Wildflower

Buyer

$736.8M

vol

14 deals

Buyer

John Silviano

Barone Management

Seller

$45.2M

vol

5 deals

Seller

Jackson Heights Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

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