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25 32 Steinway Street

Papagiannakis Family Sells Mixed-use Property At 25-32 Steinway Street Astoria For $2.55M
SOLDMixed-use

Papagiannakis Family Sells Mixed-use Property At 25-32 Steinway Street Astoria For $2.55M

25 32 Steinway Street

$2,550,000

$245/SF

Building Size

10,368 SF

Asset Type

Mixed-use

Closing

Mar 4, 2025

AI

The property located at 25-32 Steinway Street in the Astoria market is a mixed-use asset that encompasses 10,368 square feet. The property was sold by the Papagiannakis Family for a price of $2,550,000, resulting in a price per square foot of $245.

Summary of transaction details:

The transaction involved the collaboration of brokers Matt Fotis, Lazarus Apostolidis, and Hunter Barocas, all representing the seller, the Papagiannakis Family, through Marcus & Millichap.

Players

Matt Fotis

Marcus & Millichap

Broker

$598M

vol

111 deals

Broker

Astoria 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

6.22%

Cash-on-Cash

-1.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93