John Katsigianis Sells Astoria Development Site For $1.4M - Evan Daniel Represents Modern Spaces
30-09 21st Street, Queens, New York 11102, United States
$1,400,000
Building Size
—
Asset Type
Development Site
Closing
Nov 1, 2022
AI
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.
Players
New York 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
11.33%
Cash-on-Cash
-3.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93