Qian You Acquires Mixed-Use Property At 33-05 Broadway In Astoria For $2.5M With Seller's Rep Carmela Vlacich
33 05 Broadway
$2,500,000
$783/SF
Building Size
3,190 SF
Asset Type
Mixed-use
Closing
Aug 20, 2025
AI
The property involved in the transaction is located at 33-05 Broadway, Astoria, and is categorized as a mixed-use asset. The sale price was $2,500,000, encompassing a total square footage of 3,190, resulting in a price per square foot of $783.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $2,500,000
- Square Footage: 3,190
- Price per Square Foot: $783
- Address: 33-05 Broadway
- Market: Astoria
- Buyer: Qian You
- Seller's Representative: Carmela Vlacich
Carmela Vlacich represented the seller in this transaction. This closing is significant as it marks one of the first completed transactions from the new office at 31-32 Ditmars Blvd, Astoria, NY 11105, indicating a milestone for Carmela Homes. Congratulations were extended to all parties involved in the successful deal.
Players
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
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93