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
Astoria Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
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