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.
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