Yu Lin Acquires Mixed-Use Building On Steinway Street, Astoria For $2.1M
31-64 Steinway St, Long Island City, NY 11103, USA
$2,100,000
$63/SF
Building Size
33,000 SF
Asset Type
Mixed-use
Closing
May 23, 2019
About this deal
AI
A mixed-use property located at 31-64 Steinway Street in Astoria, Queens has been sold for $2,100,000. The building, spanning 3,300 square feet, was delivered vacant. The asking price for the property was $2,250,000, resulting in a sales price of $636 per square foot. The transaction took place between seller Helen Perkel and buyer Yu Lin. Rubin Isak of @GoldenwoodNYC represented both parties as the broker.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $2,100,000
- Square Footage: 3,300
- Address: 31-64 Steinway Street, Astoria, Queens
- Market: Astoria, Queens
- Seller: Helen Perkel
- Buyer: Yu Lin
- Broker: Rubin Isak – @GoldenwoodNYC
The sales price of $2,100,000 also equates to $384 per buildable square foot.
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
7.55%
Cash-on-Cash
-2.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93