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
About this deal
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.
On the Map
$33,299,999
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Players
Astoria CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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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