facebook

traded

+ Submit
Home

/

Deals

/

New York

/

All

/

Sale

/

3711 30th St, Queens, NY, 1...

Avenue Realty Capital Acquires Property From Estate Of Bob See In Astoria For $33.3M
SOLD

Avenue Realty Capital Acquires Property From Estate Of Bob See In Astoria For $33.3M

3711 30th St, Queens, NY, 11101

$33,299,999

Building Size

Asset Type

Closing

Nov 19, 2023

AI

The property involved in this transaction is located at 3711 30th St, Queens, NY, 11101, within the Astoria market. It was sold for $33,299,999.00 with a total square footage of 0.

Summary of transaction details:

  • Property Type: Sale
  • Transaction Amount: $33,299,999.00
  • Address: 3711 30th St, Queens, NY, 11101
  • Market: Astoria
  • Seller: Estate of Bob See
  • Buyer: Avenue Realty Capital
  • Seller's Representatives: Brian Leary, Catherine Vintonik - CPEX Real Estate, Jidan Kim

This transaction highlights the roles of significant individuals and entities, including the Estate of Bob See, which acted as the seller in this deal. Avenue Realty Capital represented the buyer, while the seller's representatives from CPEX Real Estate facilitated the transaction process, ensuring a successful sale.

Players

Jidan Kim

Bridge Property Advisor

Broker

$361.8M

vol

7 deals

Broker
AC
Avenue Realty CapitalBuyer

Astoria CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.48%

Cash-on-Cash

-0.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93