Payam Toubian Purchases Mixed-Use Property From Spyro Avdoulos In Astoria For $6.1 Million
30 59 Steinway St
$6,100,000
Building Size
—
Asset Type
Mixed-use
Closing
Aug 20, 2008
About this deal
AI
A mixed-use asset located at 30 59 Steinway St in the Astoria market was involved in a transaction valued at $6,100,000.00. The property features characteristics suitable for both commercial and residential use, although specific details regarding its size and layout are not mentioned.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $6,100,000.00
- Sale Date: 08/20/2008
- Buyer: Payam Toubian
- Seller: Spyro Avdoulos
- Broker: Evan Daniel from Modern Spaces
This transaction highlighted the representation of the buyer and seller by their respective broker, Evan Daniel, specializing in mixed-use properties, which facilitated the successful completion of the deal.
Players
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
2.60%
Cash-on-Cash
-0.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93