George Tsilogiannis Acquires Development Site In Astoria For $9.75M
32 25 33rd St, Astoria, Ny 11106, Usa
$9,750,000
$325/SF
Building Size
30,000 SF
Asset Type
Development Site
Closing
Jun 30, 2020
AI
The development site located at 25-33 Broadway in Astoria was recently sold for a price of $9,750,000. The property spans a total buildable square footage of 30,000 and has a price per buildable square foot of $325.
Summary of transaction details
- Property Type: Development site
- Transaction Amount: $9,750,000
- Address: 25-33 Broadway, Astoria
- Market: Astoria
- Buildable Square Footage: 30,000
- Price per Buildable Square Foot: $325
- Buyer: George Tsilogiannis
- Seller: Pan Metron LLC – Ilias Theodoropoulos
The buyer of the property was George Tsilogiannis, while the seller was Pan Metron LLC represented by Ilias Theodoropoulos.
Players
Astoria Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.63%
Cash-on-Cash
-0.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93