John Katsigianis Sells Astoria Development Site For $1.4M - Evan Daniel Represents Modern Spaces
SOLD
$1,400,000
New York
See Similar DealsDevelopment Site
Sold 11/02/2022
SOLD
John Katsigianis Sells Astoria Development Site For $1.4M - Evan Daniel Represents Modern Spaces
30-09 21st Street, Queens, New York 11102, United States
See Similar DealsDevelopment Site
Sold 11/02/2022
Summary
NEW YORK
Asset Type:Development Site
Transaction Type:Sale
The development site located at 30-09 21st Street in Astoria has been sold for a price of $1,400,000. The sale was finalized on 11/02/2022, according to the information shared on the Instagram post by Evan Daniel. Evan Daniel, representing Modern Spaces, acted as the broker in this transaction.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $1,400,000
- Seller: John Katsigianis
- Broker: Evan Daniel - Modern Spaces
- Date: 11/02/2022
- Address: 30-09 21st Street, Astoria
This transaction involved the sale of a development site in Astoria, with Evan Daniel of Modern Spaces representing John Katsigianis as the seller's broker. The property was sold for a price of $1,400,000, as confirmed by the Instagram post shared by Evan Daniel.
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30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$74,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,973.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,636.71
Annual Debt Service$79,640.57
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