Astoria Homes Purchases Mixed-use Property From Milton Lee For $2 Million In Astoria
35 12 30th Street
$2,000,000
$500/SF
Building Size
4,000 SF
Asset Type
Mixed-use
Closing
May 5, 2025
AI
The property asset involved in the transaction is a mixed-use building located at 30-12 30th Avenue in Astoria. The sale price was $2,000,000, encompassing a total of 3 units. The square footage of the property is 4,000, resulting in a price per unit of $666,666 and a price per square foot of $500.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $2,000,000
- Address: 30-12 30th Avenue
- Market: Astoria
- Units: 3
- Price Per Unit: $666,666
- Square Footage: 4,000
- Price Per Square Foot: $500
- Buyer: Astoria Homes
- Seller: Milton Lee
- Seller's Representatives: Sara Golan, Sandy Abbas & Menailaos Samaras - Serhant
The Sara Golan Team, with over 30 years of combined experience, has closed and signed over $600 million in transactions, ranking in the WSJ top 5%. The team specializes in all aspects of real estate, delivering strategic marketing alongside media with a data-driven understanding of the market.
Players
Astoria Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93