Updated Jul 7, 2026
SOLDParking Lot
Guido Subotovsky And Jake Feldman Acquire East Elmhurst Parking Lot For $12.95M
90-26 Grand Central Parkway
$12,950,000
Building Size
—
Asset Type
Parking Lot
Closing
Jun 9, 2026
About this deal
AI
The property asset involved in this transaction is a parking lot located at 90-26 Grand Central Parkway in East Elmhurst, Queens. The sale price for the property was $12,950,000, and it encompasses 29,135 square feet with a price per square foot of $444.
Summary of transaction details:
- Property Type: Parking Lot
- Transaction Amount: $12,950,000
- Address: 90-26 Grand Central Parkway
- Market: East Elmhurst, Queens
- Buildable Air Rights: 29,135 square feet
- Buyer: Guido Subotovsky - Azimuth Development Group
- Buyer: Jake Feldman - Vertical Realty Capital
- Seller: Janet Huang
- Seller: Judy Mock
- Seller: Huei Hsiang Wang
- Buyer’s Representative: AZ LGA Owner LLC
Guido Subotovsky represents Azimuth Development Group, while Jake Feldman represents Vertical Realty Capital in this transaction. The sellers include Janet Huang, Judy Mock, and Huei Hsiang Wang, all of whom were involved in the sale to the buyers.
On the Map
$12,950,000
Parking Lot
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Brooklyn Parking Lot Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.22%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93