Costa Constantinides Acquires Retail Asset At 70-02 34th Avenue In Jackson Heights For $9.7M
70-02 34th Avenue
$9,700,000
$451/SF
Building Size
21,500 SF
Asset Type
Retail
Closing
Jun 22, 2026
AI
The retail property located at 70-02 34th Avenue in the Jackson Heights market has been sold for $9,700,000. The asset encompasses a total of 21,500 square feet, translating to a price per square foot of $451.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $9,700,000
- Address: 70-02 34th Avenue
- Market: Jackson Heights
- Square Footage: 21,500
- Price per Square Foot: $451
- Buyer: Costa Constantinides
- Brokers: Dylan Walsh, Charles Everett, Nick Kolbus & Kieran Baker - Cushman & Wakefield
The transaction was facilitated by Cushman & Wakefield, which utilized its internal network to identify a user/developer, achieving a 28% premium above market value. This sale exemplifies a successful collaboration between capital markets and the not-for-profit advisory group.
Players
Market Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.64%
Cash-on-Cash
-0.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93