Santo LoFaso Acquires Mixed-Use Property In Astoria For $2.8M
SOLD
$2,775,000
New York
See Similar DealsMixed-use4,900 SF
Sold 03/18/2022
SOLD
Santo LoFaso Acquires Mixed-Use Property In Astoria For $2.8M
14-27 Astoria Boulevard North, Queens, New York 11105, United States
See Similar DealsMixed-use4,900 SF
Sold 03/18/2022
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$566
Total Square Footage:4,900 SF
Transaction Type:Sale
14-27 Astoria Blvd. N., located in the Astoria market, was recently sold for a total price of $2,775,000. This mixed-use property spans approximately 4,900 square feet, resulting in a price per square foot of $566. The transaction took place on March 18, 2022. The property features a combination of residential and commercial spaces.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $2,775,000
- Address: 14-27 Astoria Blvd. N.
- Market: Astoria
The buyer in this transaction was Santo LoFaso, while Dimitrios Sidiropoulos acted as the seller. The deal was facilitated by Luca Diciero from NY Space Finders and Brendan Burke from Pinnacle Realty of NY LLC. They served as the brokers representing the buyer and seller, respectively.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$148,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,858.98
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,154.92
Annual Debt Service$157,858.99
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