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14-27 Astoria Boulevard Nor...

Santo LoFaso Acquires Mixed-Use Property In Astoria For $2.8M
SOLDMixed-use

Santo LoFaso Acquires Mixed-Use Property In Astoria For $2.8M

14-27 Astoria Boulevard North, Queens, New York 11105, United States

$2,775,000

$566/SF

Building Size

4,900 SF

Asset Type

Mixed-use

Closing

Mar 17, 2022

AI

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.

Players

Brendan Burke

Broker

$68M

vol

14 deals

Broker

Dimitrios Sidiropoulos

Seller

$16.7M

vol

4 deals

Seller

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.72%

Cash-on-Cash

-1.63%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93