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
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