The Kontorouhas Family Acquires Mixed-Use Property In Astoria, Queens For $1.89M
SOLD
$1,890,000
New York
See Similar DealsMixed-use4,240 SF
Sold 10/19/2022
SOLD
The Kontorouhas Family Acquires Mixed-Use Property In Astoria, Queens For $1.89M
31-83 34th Street
See Similar DealsMixed-use4,240 SF
Sold 10/19/2022
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$445
Total Square Footage:4,240 SF
Transaction Type:Sale
The mixed-use property located at 31-83 34th Street in Astoria, Queens has been sold for a total price of $1,890,000. The property spans 4,240 square feet, resulting in a price per square foot of $446. The transaction took place on October 19, 2022.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $1,890,000
- Address: 31-83 34th Street, Astoria, Queens
- Market: Astoria, Queens
- Buyer: The Kontorouhas Family
- Seller: The Calatzis Family
- Broker: Jeremy Ruiz - Modern Spaces NYC
The Kontorouhas Family has acquired the property from the Calatzis Family in this transaction. Jeremy Ruiz from Modern Spaces NYC represented both parties as the broker in the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$100,800.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,714.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,959.56
Annual Debt Service$107,514.77
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