George Douroudoudakis Acquires Mixed-use Asset In Astoria For $1.85M
19-19 Ditmars Boulevard, Queens, NY, USA
$1,850,000
$513/SF
Building Size
3,600 SF
Asset Type
Mixed-use
Closing
May 23, 2021
AI
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.
Players
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
8.57%
Cash-on-Cash
-2.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93