SOLDDevelopment Site
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
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
Players
Astoria Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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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