George Douroudoudakis Acquires Mixed-use Asset In Astoria For $1.85M
SOLD
$1,850,000
New York
See Similar DealsMixed-use3,600 SF
Sold 05/24/2021
SOLD
George Douroudoudakis Acquires Mixed-use Asset In Astoria For $1.85M
19-19 Ditmars Boulevard, Queens, NY, USA
See Similar DealsMixed-use3,600 SF
Sold 05/24/2021
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$513
Total Square Footage:3,600 SF
Transaction Type:Sale
The mixed-use property located at 19-19 Ditmars Boulevard in Astoria has been sold in a recent transaction. The property spans a total area of 3,600 square feet and was sold for a price of $1,850,000, resulting in a price per square foot of $513. The sale took place on May 24, 2021.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $1,850,000
George Douroudoudakis is the buyer of this property, while Valerie Losardo acted as the seller in the transaction. The deal was facilitated by the brokers Dimitrios Kapelonis, Austin Roche, Constantinos Kapelonis, and Max Belinsky from BKR Real Estate Group.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$98,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,572.67
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,769.94
Annual Debt Service$105,239.33
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