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23-66 26th Street

Mary Vryonides & Costa Vryonides Acquire MultiFamily Property In Astoria For $1.575M
SOLDMultiFamily

Mary Vryonides & Costa Vryonides Acquire MultiFamily Property In Astoria For $1.575M

23-66 26th Street

$1,575,000

$757/SF

Building Size

2,080 SF

Asset Type

MultiFamily

Closing

Mar 24, 2023

AI

A multi-family property located at 23-66 26th Street in Astoria, was recently sold for $1,575,000. The property comprises four units and spans 2,080 square feet. The price per unit for this transaction amounts to $393,750, while the price per square foot is $757. The sale was finalized on 03/24/2023.

Summary of transaction details

  • Property Type: MultiFamily
  • Transaction Amount: $1,575,000
  • Units: 4
  • Price per Unit (PPU): $393,750
  • Square Footage (SF): 2,080
  • Price per Square Foot (PPSF): $757

The buyers of this property are Mary Vryonides and Costa Vryonides, while Katos Anna TE acted as the seller. The transaction was facilitated by Andreas Kambanis from The Bouklis Group, who represented the buyers.

Players

Andreas Kambanis

The Bouklis Group

Broker

$7.2M

vol

4 deals

Broker

Katos Anna

TE

Seller

$3.2M

vol

2 deals

Seller

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

10.07%

Cash-on-Cash

-2.88%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93