Helen Young Sells Mixed-use Property In Astoria For $7 Million With Brokers Matt Fotis & Lazarus Apostolidis

The property asset involved in the transaction is a mixed-use building located at 2501 31st Street in Astoria. The sale price was $7,000,000, with a total square footage of 4,634 and a price per square foot of $1,510. The capitalization rate for this sale was 5%.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $7,000,000
• Square Footage: 4,634
• Price Per Square Foot: $1,510
• Cap Rate: 5%
• Seller: Helen Young
• Broker Representatives: Matt Fotis & Lazarus Apostolidis - Marcus & Millichap
• Market: Astoria
• Transaction Date: 7/30/2024

Key individuals in this transaction include Helen Young as the seller, with representation provided by brokers Matt Fotis and Lazarus Apostolidis from Marcus & Millichap, facilitating the deal's completion in the Astoria market.