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28-10 Whitestone Expressway...

Blake Baird Of Terreno Realty Corporation Acquires Parking Lot In College Point For $92M
SOLDParking Lot

Blake Baird Of Terreno Realty Corporation Acquires Parking Lot In College Point For $92M

28-10 Whitestone Expressway Service Road

$92,000,000

$207/SF

Building Size

443,492 SF

Asset Type

Parking Lot

Closing

Feb 18, 2026

AI

A parking lot located at 28-10 Whitestone Expressway Service Road in College Point, Queens, was sold for $92 million. The property spans 443,492 square feet, resulting in a price per square foot of approximately $207.

Summary of transaction details:

  • Property Type: Parking Lot
  • Transaction Amount: $92,000,000
  • Address: 28-10 Whitestone Expressway Service Road
  • Market: College Point, Queens
  • Seller: Adam I. Gordon
  • Buyer: Blake Baird - Terreno Realty Corporation
  • Sale Date: February 18, 2026

Blake Baird, representing Terreno Realty Corporation, was responsible for the acquisition of the parking lot from seller Adam I. Gordon. This transaction highlights the ongoing interest in commercial real estate within the Queens market.

Players

Blake Baird

Terreno Realty Corporation

Buyer

$2B

vol

54 deals

Buyer

Whitestone Parking Lot Market Snapshot

Boundary boundary · Parking Lot · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.17%

Cash-on-Cash

-0.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93