George Tsilogiannis Acquires Development Site In Astoria For $9.75M
SOLD
$9,750,000
California
See Similar DealsDevelopment Site30,000 SF
Sold 07/01/2020
SOLD
George Tsilogiannis Acquires Development Site In Astoria For $9.75M
32 25 33rd St, Astoria, Ny 11106, Usa
See Similar DealsDevelopment Site30,000 SF
Sold 07/01/2020
Summary
CALIFORNIA
Asset Type:Development Site
Price Per Square Foot:$325
Total Square Footage:30,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$520,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$34,639.68
Cash-on-Cash Return-1.27%
Monthly Debt Service$46,219.97
Annual Debt Service$554,639.69
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