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
About this deal
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.
On the Map
$12,750,000
$905/SF
Hospital
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Players
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