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22 80 Steinway St, Long Isl...

Samuel Eshaghoff Acquires Mixed-Use Property In Long Island City, Queens For $2.31M
SOLDMixed-use

Samuel Eshaghoff Acquires Mixed-Use Property In Long Island City, Queens For $2.31M

22 80 Steinway St, Long Island City, Ny 11105, Usa

$2,310,000

$462/SF

Building Size

5,000 SF

Asset Type

Mixed-use

Closing

Jul 1, 2020

AI

A mixed-use property located at 22-80 Steinway Street in Long Island City, Queens has been sold for a price of $2,310,000. The property spans a total area of 5,000 square feet, resulting in a price per square foot of $462. It consists of 6 units, including 2 commercial and 4 residential units. The price per unit for this transaction amounts to $385,000.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $2,310,000
  • Square Footage: 5,000
  • Price per Square Foot: $462
  • Units: 6 (2 commercial, 4 residential)
  • Price per Unit: $385,000

In this deal, the seller of the property is Lous Depinto, while the buyer is Samuel Eshaghoff, representing West [Agency Name]. The transaction was facilitated by Peter Von Der Ahe, Shaun Riney, Samuel Eshaghoff, Jack Sheresky, and Dylan Walsh.

Players

Jack Sheresky

Marcus & Millichap

Broker

$14.3M

vol

2 deals

Broker
Shaun Riney
Verified Badge

Shaun Riney

Marcus & Millichap

Broker

$1.8B

vol

360 deals

Broker

Astoria Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.87%

Cash-on-Cash

-1.96%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93