Updated Oct 12, 2026
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:
- 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.
On the Map
$9,600,000
$376/SF
Industrial
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Players
Jackson Heights Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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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