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31-83 34th Street

The Kontorouhas Family Acquires Mixed-Use Property In Astoria, Queens For $1.89M
SOLDMixed-use

The Kontorouhas Family Acquires Mixed-Use Property In Astoria, Queens For $1.89M

31-83 34th Street

$1,890,000

$445/SF

Building Size

4,240 SF

Asset Type

Mixed-use

Closing

Oct 19, 2022

AI

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.

Players

Jeremy Ruiz

Modern Spaces

Broker

$16.1M

vol

5 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

8.39%

Cash-on-Cash

-2.40%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93