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30 30th Drive, Queens, New ...

Philip Argyropoulos Acquires Mixed-Use Property In Astoria, Queens For $1.5M
SOLDMixed-use

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

Caroline Hodes

Newmark

Broker

$1.8B

vol

94 deals

Broker
Artemis Realty Advisors
Artemis Realty AdvisorsBrokerage

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