Peter Abowitz Acquires Parking Lot In Queens For $17 Million From Peter Kulka
92-11 147th Place
$17,000,000
$24,285/SF
Building Size
700 SF
Asset Type
Parking Lot
Closing
Feb 27, 2026
AI
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.
Players
Jamaica 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
0.93%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93