53 Unit Development Site Sunnyside
Investment Highlights
Sunnyside Queens corner dev site C2-3/R7X with 44ksqFt buildable as of right (7 floors & 53 units) & 7900sqFt commercial with programs 53k / 8 floors / 64 units & 7900sqFt commercial. Inner transit zone (no off street parking required & commercial parking requirement is waived) phase2 is clean. Contract flip $7.1m negotiable ($133psft)
Location
📍 Sunnyside
🔒 The exact address and location are confidential and are released only after you sign the NCNDA and the listing broker approves your request.
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Who finances deals like this
The lenders with the most recorded development site mortgages in Queens since 2021, from public ACRIS filings.
- S3 Re 30-11 12TH Street Funding LLC — 4 loans, typically $405K–$8M
- Blkm Funding (trs), LLC — 3 loans, typically $1.83M–$13.39M
- Msd Rcof Partners Xxvii, LLC — 3 loans, typically $24.25M–$119.25M
- Elite 22 LLC — 2 loans, typically $1.75M–$10M
- Supportive Housing Solutions Fund LLC — 2 loans, typically $2.01M–$3.45M
Underwrite this deal
Pro-forma, debt sizing against real recorded NYC leverage, cash flow, IRR and a sensitivity grid. Free account — no card.
