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35 12 30th Street

Astoria Homes Purchases Mixed-use Property From Milton Lee For $2 Million In Astoria
SOLDMixed-use

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

Sara golan

Serhant

Broker

$23M

vol

4 deals

Broker
Serhant
SerhantBrokerage

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

7.93%

Cash-on-Cash

-2.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93