Duman Vonim Acquires Mixed-Use Property In Astoria For $2.5M
SOLD
$2,500,000
New York
See Similar DealsMixed-use3,780 SF
Sold 08/12/2022
SOLD
Duman Vonim Acquires Mixed-Use Property In Astoria For $2.5M
33-16 Broadway
See Similar DealsMixed-use3,780 SF
Sold 08/12/2022
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$661
Total Square Footage:3,780 SF
Transaction Type:Sale
A mixed-use property located at 33-16 Broadway in Astoria has been sold in a recent transaction. The property spans 3,780 square feet and was purchased for $2,500,000, resulting in a price per square foot of $661. The buyer, Duman Vonim, acquired the property from the seller, Mixalos Izadore.
Summary of Transaction Details
- Property Type: Mixed-use
- Transaction Amount: $2,500,000
- Address: 33-16 Broadway, Astoria
- Market: Astoria
The deal was facilitated by brokers Dimitrios Kapelonis and Austin Roche from Gravity Real Estate Advisors Dimitrios. They represented both the buyer and the seller in this transaction. For more information about this deal and other closed transactions in the area, you can follow @gravity_re_advisors.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$133,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,881.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,851.28
Annual Debt Service$142,215.31
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