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30 38 Steinway St, Long Isl...

Dom Casamento - Kingdom Equities Acquires Development Site In Astoria For $3,287,500
SOLDDevelopment Site

Dom Casamento - Kingdom Equities Acquires Development Site In Astoria For $3,287,500

30 38 Steinway St, Long Island City, Ny 11103, Usa

$3,287,500

$410/SF

Building Size

8,000 SF

Asset Type

Development Site

Closing

Aug 7, 2019

AI

A development site located at 30-38 Steinway Street in Astoria has been sold in a closed transaction. The property, with a size of 8,000 square feet, was sold at a price of $3,287,500, resulting in a price per square foot of $410. The seller, Robert Last, completed the transaction with the buyer, Dom Casamento of Kingdom Equities. The property was listed for sale at an asking price of $3,300,000. The deal was facilitated by brokers Carmella and Daniela Vlacich of Realty Executives Today.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $3,287,500
  • Square Footage: 8,000
  • Address: 30-38 Steinway Street, Astoria
  • Market: Astoria

This transaction involved the sale of a development site between seller Robert Last and buyer Dom Casamento of Kingdom Equities. The property, located at 30-38 Steinway Street in Astoria, spans 8,000 square feet and was sold at a price of $3,287,500, resulting in a price per square foot of $410. Acting as the brokers in the deal, Carmella and Daniela Vlacich of Realty Executives Today facilitated the transaction.

Players

Daniela Vlacich

Broker

$3.3M

vol

1 deal

Broker

Dom Casamento

Kingdom Equities

Buyer

$47.7M

vol

12 deals

Buyer

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

4.83%

Cash-on-Cash

-1.38%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93