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31-49 Steinway Street, Asto...

Yuan Lin Acquires Mixed-Use Property On Steinway Street In Astoria For $2.25M
SOLDMixed-use

Yuan Lin Acquires Mixed-Use Property On Steinway Street In Astoria For $2.25M

31-49 Steinway Street, Astoria, NY, USA

$2,250,000

$473/SF

Building Size

4,750 SF

Asset Type

Mixed-use

Closing

Sep 29, 2021

AI

Located in Astoria, the mixed-use property at 31-49 Steinway Street has been sold in a recent transaction. The sale took place on 09/29/2021 and the property was purchased for a total price of $2,250,000. The property spans 4,750 square feet, resulting in a price per square foot of $473.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $2,250,000
  • Address: 31-49 Steinway Street, Astoria
  • Market: Astoria

The buyer in this transaction is Yuan Lin, while Charles Ernst acted as the seller. The deal was facilitated by brokers Matt Fotis, Zachary Golub, Laz Apostolidis, and Paul Youssef from Marcus & Millichap NY. Both the buyer and seller were represented by their respective brokers in the transaction.

Players

Matt Fotis

Marcus & Millichap

Broker

$598M

vol

111 deals

Broker

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

7.05%

Cash-on-Cash

-2.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93