Steffan Partridge Acquires Mixed-Use Property On Steinway Street In Astoria, Queens For $2.9M
30-79 Steinway St, Long Island City, NY 11103, USA
$2,900,000
$663/SF
Building Size
4,370 SF
Asset Type
Mixed-use
Closing
Jul 31, 2018
AI
The mixed-use property located at 3079 Steinway Street in Astoria, Queens has been sold for a price of $2,900,000. The property spans a total area of 4,370 square feet, resulting in a price per square foot of $663.62. The transaction was completed at a cap rate of 3.74%.
Summary of transaction details
- Property Type: Mixed-Use
- Transaction Amount: $2,900,000
- Address: 3079 Steinway Street, New York
- Market: Astoria, Queens
- Square Footage: 4,370
- Price Per Square Foot: $663.62
- Cap Rate: 3.74%
The buyer of the property is Steffan Partridge, while the seller is John Giovanis of Mount Athos LLC. The brokers involved in the deal are Matt Fotis, Lazarus Apostolidis, and Zachary Golub of Marcus [...].
Players
Astoria Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.47%
Cash-on-Cash
-1.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93