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Wildflower LTD Acquires Vacant Land At 160-66 Rockaway Boulevard From City Of New York For $8.9M
SOLD
$8,900,000
New York
See Similar DealsLand
Sold 12/17/2025
SOLD
Wildflower LTD Acquires Vacant Land At 160-66 Rockaway Boulevard From City Of New York For $8.9M
160 66 Rockaway Boulevard
See Similar DealsLand
Sold 12/17/2025
Summary
NEW YORK
Asset Type:Land
Transaction Type:Sale
The transaction involved vacant land located at 160-66 Rockaway Boulevard in Springfield Gardens, Queens. The total sale price for the asset was $8,900,000, and it encompasses a square footage of 109,228. The price per square foot is calculated at $81.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $8,900,000
- Address: 160-66 Rockaway Boulevard
- Market: Springfield Gardens, Queens
- Buyer: Wildflower LTD
- Seller: City of New York
- BSF: 109,228
- PPBSF: $81
Wildflower Ltd., through its entity Wildflower JFK North LLC, completed the transaction with the City of New York. The buyer has plans to develop a 65-stall electric vehicle fast-charging surface lot on the acquired land within the next three years.
Players
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$474,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$31,619.81
Cash-on-Cash Return-1.27%
Monthly Debt Service$42,190.54
Annual Debt Service$506,286.49
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