Philip Argyropoulos Acquires Mixed-Use Property In Astoria, Queens For $1.5M
30 30th Drive, Queens, New York 11102, United States
$1,525,000
$445/SF
Building Size
3,420 SF
Asset Type
Mixed-use
Closing
Dec 17, 2021
AI
30-02 30th Drive, located in Astoria, Queens, was recently sold in a closed transaction. This mixed-use property encompasses a total of 3,420 square feet. The sale price for the property was $1,525,000, resulting in a price per square foot of $445.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $1,525,000
- Address: 30-02 30th Drive, Astoria, Queens
- Square Footage: 3,420
- Market: Astoria, Queens
The buyer of the property was Philip Argyropoulos, while William Vowteras acted as the seller. The deal was facilitated by the brokers Dan O'Brien, Caroline Hodes, Will Diana, and Casey Begoon from Cushman & Wakefield.
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
10.40%
Cash-on-Cash
-2.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93