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
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