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
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