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23-34 30th Avenue

Bayrock Capital Sells Transitional Housing In Astoria For $12.75M With Atlas Realty Group
SOLDHospital

Bayrock Capital Sells Transitional Housing In Astoria For $12.75M With Atlas Realty Group

23-34 30th Avenue

$12,750,000

$905/SF

Building Size

14,088 SF

Asset Type

Hospital

Closing

Jun 1, 2026

AI

The property asset involved in this transaction is a transitional housing building located at 23-34 30th Avenue in the Astoria market. The sale was completed for a price of $12,750,000, which translates to approximately $905 per square foot, covering a total area of 14,088 square feet.

Summary of transaction details:

  • Property Type: Transitional Housing
  • Transaction Amount: $12,750,000
  • Address: 23-34 30th Avenue
  • Market: Astoria
  • Square Footage: 14,088
  • Price per Square Foot: $905
  • Seller: Bayrock Capital
  • Brokers: Yosef Katz, Shlomo Antebi & Erik Yankelovich - Atlas Realty Group

This transaction involved notable individuals representing both sides of the deal. The brokers, Yosef Katz, Shlomo Antebi, and Erik Yankelovich, all from Atlas Realty Group, facilitated the sale on behalf of the seller, Bayrock Capital, ensuring a smooth process in the transaction of this asset.

Players

Erik Yankelovich

Atlas Realty Group

Broker

$1.1B

vol

132 deals

Broker
Bayrock Capital
Bayrock CapitalSeller

Astoria Hospital Market Snapshot

Boundary boundary · Hospital · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.24%

Cash-on-Cash

-0.36%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93