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25-04 21st Street

Mario Mouzouris Purchases Development Site In Astoria For $1.35M With Brokers Steve Lelekidis And Gregory Kyroglou
SOLDDevelopment Site

Mario Mouzouris Purchases Development Site In Astoria For $1.35M With Brokers Steve Lelekidis And Gregory Kyroglou

25-04 21st Street

$1,350,000

$771/SF

Building Size

1,750 SF

Asset Type

Development Site

Closing

Jun 11, 2026

AI

The development site located at 25-04 21st Street in the Astoria market has been sold. The transaction was finalized at a sale price of $1,350,000, encompassing a building square footage (BSF) of 5,200 and a price per building square foot (PPBSF) of $259. The site measures 1,750 square feet, translating to a price per square foot (PPSF) of $771.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $1,350,000
  • Address: 25-04 21st Street
  • Market: Astoria
  • Building Square Footage: 5,200
  • Price per Building Square Foot: $259
  • Square Feet: 1,750
  • Price per Square Foot: $771
  • Buyer: Mario Mouzouris
  • Seller: Eleni Elefteriadis
  • Buyer's Representative: Gregory Kyroglou - Modern Spaces
  • Seller's Representative: Steve Lelekidis - The Corcoran Group

Gregory Kyroglou, representing the buyer Mario Mouzouris, managed the negotiations alongside Steve Lelekidis, who represented the seller Eleni Elefteriadis in this transaction. Their roles were crucial in facilitating the successful sale of the property.

Players

Gregory Kyroglou

Modern Spaces

Broker

$20.8M

vol

5 deals

Broker

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

11.75%

Cash-on-Cash

-3.36%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93