SOLDCondo
Alex Giannikas Of Modern Spaces Represents Seller Karnig Alajajian In $11.8M Residential Condo Sale In Astoria
31-10 28th Avenue
$11,825,000
$1,095/SF
Building Size
10,799 SF
Asset Type
Condo
Closing
Sep 15, 2022
AI
The residential condo located at 31-10 28th Rd. in Astoria has been sold. The property, consisting of 10,799 square feet, was sold for a total price of $11,825,000, resulting in a price per square foot of $1,095. Unit 16 was sold for a price of $739,065 per unit.
Summary of transaction details:
- Property Type: Residential Condo
- Transaction Amount: $11,825,000
- Market: Astoria
- Square Footage: 10,799
Alex Giannikas from Modern Spaces represented the seller, Karnig Alajajian, in this transaction.
Players
New York Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.34%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93