Updated Dec 4, 2024
Pericles Notias Acquires Retail Property In Astoria, Queens For $4.25M
23-01 31st Street
$4,250,000
$999/SF
Building Size
4,251 SF
Asset Type
Development Site
Closing
Feb 16, 2024
About this deal
AI
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $4,250,000
- Square Footage: 4,251
- Price per Square Foot: $1,000
- Address: 23-01 31st Street, Astoria, Queens
- Market: Astoria, Queens
- Buyer: Pericles Notias
- Seller: Gregory Andruk
- Brokers: Luca DiCiero, Faisal Gilani & Damian Dakas - NY Space Finders
The development site sale at 23-01 31st Street in Astoria, New York sold for $4.3M in 2024. The building is 4,251 square feet, implying about 999 per square foot on the published price. Faisal Gilani, Luca DiCiero, Damian Dakas, NY Space Finders appear on the sale alongside NY Space Finders. This page is the Astoria, New York file for the 23-01 31st Street development site sold: pricing, party profiles, and other closed development site comps from the same Astoria sit in the Market section below. Filter that Astoria development site set by closing date to see what else sold near 23-01 31st Street around 2024. Published consideration for 23-01 31st Street is $4.3M, dated 2024. Cite this Pericles Notias Acquires Retail Property In Astoria, Queens For $4.25M sale when underwriting similar development site product around Astoria, New York.
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Astoria Development Site Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.73%
Cash-on-Cash
-1.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93