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
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