Payam Toubian Purchases Mixed-Use Property From Spyro Avdoulos In Astoria For $6.1 Million
SOLD
$6,100,000
New York
See Similar DealsMixed-use
Sold 08/20/2008
SOLD
Payam Toubian Purchases Mixed-Use Property From Spyro Avdoulos In Astoria For $6.1 Million
30 59 Steinway St
See Similar DealsMixed-use
Sold 08/20/2008
Summary
NEW YORK
Asset Type:Mixed-use
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$325,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$21,672.03
Cash-on-Cash Return-1.27%
Monthly Debt Service$28,917.11
Annual Debt Service$347,005.34
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