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33-16 Broadway

Duman Vonim Acquires Mixed-Use Property In Astoria For $2.5M
SOLDMixed-use

Duman Vonim Acquires Mixed-Use Property In Astoria For $2.5M

33-16 Broadway

$2,500,000

$661/SF

Building Size

3,780 SF

Asset Type

Mixed-use

Closing

Aug 12, 2022

AI

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.

Players

Austin Roche

BKR Real Estate Group

Broker

$21.6M

vol

10 deals

Broker

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