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
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