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Peter Abowitz Acquires Parking Lot In Queens For $17 Million From Peter Kulka
SOLD
$17,000,000
New York
See Similar DealsParking Lot700 SF
Sold
SOLD
Peter Abowitz Acquires Parking Lot In Queens For $17 Million From Peter Kulka
92-11 147th Place
See Similar DealsParking Lot700 SF
Sold
Summary
NEW YORK
Asset Type:Parking Lot
Price Per Square Foot:$24285
Total Square Footage:700 SF
Transaction Type:Sale
Peter Abowitz acquired a 700 SF parking lot at 92-11 147th Place in Queens for $17 million, reflecting a PPSF of $24,286. The sale closed on February 27, 2026, with Peter Kulka as the seller.
Summary of transaction details:
- Property Type: Parking Lot
- Transaction Amount: $17,000,000
- Location: 92-11 147th Place, Queens
- Square Footage: 700 SF
- Price per Square Foot: $24,286
- Buyer: Peter Abowitz
- Seller: Peter Kulka
- Sale Date: February 27, 2026
The transaction involved Peter Abowitz as the buyer and Peter Kulka as the seller, indicating a direct negotiation between these parties for the property in the Queens market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$906,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$60,397.40
Cash-on-Cash Return-1.27%
Monthly Debt Service$80,588.67
Annual Debt Service$967,064.08
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