Mohamed Ahmed Acquires Mixed-Use Property In Astoria For $2.45M
33-13 36th Ave, Astoria, Queens, NY, USA
$2,450,000
$569/SF
Building Size
4,302 SF
Asset Type
Mixed-use
Closing
Jun 16, 2020
AI
A mixed-use property located at 33-13 & 33-15 36th Ave in Astoria has been sold for a transaction price of $2,450,000. The property consists of 6 units, with a price per unit of $408,333. It has a total size of 4,302 square feet, resulting in a price per square foot of $569.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $2,450,000
- Units: 6
- Price Per Unit: $408,333
- Total Square Footage: 4,302
- Price Per Square Foot: $569
- Address: 33-13 & 33-15 36th Ave, Astoria
- Market: Astoria
The buyer of the property is Mohamed Ahmed, and the seller is The Stantyos Family Trust. Representing the buyer is Shanie Baran, while Luca Diciero from YSpaceFinders represents the seller as their broker.
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
6.47%
Cash-on-Cash
-1.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93