Mike Georgiades Sells Mixed-Use Property In Astoria, Queens For $7.3M
25-04 44th Street, Queens, New York 11103, United States
$7,300,000
$506/SF
Building Size
14,400 SF
Asset Type
Mixed-use
Closing
Mar 16, 2022
About this deal
AI
A mixed-use property located at 25-04 44th St. in Astoria, Queens has recently been sold for a total price of $7,300,000. The property spans a total area of 14,400 square feet, resulting in a price per square foot of $506. This transaction took place on March 17, 2022.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $7,300,000
- Address: 25-04 44th St., Astoria, Queens
- Square Footage: 14,400 SF
- Price per Square Foot: $506
- Market: Astoria, Queens
The property was sold by Mike Georgiades. The sale was facilitated by the brokers Andreas Efthymiou and Stephen R. Preuss Sr. from Ripco.
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
2.17%
Cash-on-Cash
-0.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93