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

Property Image
SOLD
$2,000,000

New York

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Mixed-use4,000 SF
Sold 05/05/2025
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Property Image
SOLD

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

35 12 30th Street

See Similar Deals
Mixed-use4,000 SF
Sold 05/05/2025
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Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$500
Total Square Footage:4,000 SF
Transaction Type:Sale

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
4 deals$23M volume(718) 812-7799
BROKER

Sandy Abbas
Serhant
2 deals$4.5M volume(646) 228-1274
BROKER

Menailaos Samaras
Serhant
2 deals$4.2M volume
BROKER

Serhant
BROKERAGE

Details

SOLD
IMAGE: Sara Golan, Sandy Abbas & Menailaos Samaras DATE: 5/6/2025 ADDRESS: 35-12 30th Avenue MARKET: Astoria ASSET TYPE: Mixed-use BUYER: Astoria Homes SELLER: Milton Lee SELLER'S REP: Sara Golan (@SaraGolanbk), Sandy Abbas (@Sandy__Brooklyn) & Menailaos Samaras - Serhant (@Serhant) SALE PRICE: $2,000,000 UNITS: 3 ~ PPU: $666,666 SF: 4,000 ~ PPSF: $500 NOTE FROM BROKER: The Sara Golan Team has over 30 years of combined experience, our team has closed and signed over 600MM and ranked in the WSJ top 5% We are diverse Team, skilled in all aspect of real estate delivering strategic marketing alongside media with data driven understanding of the market. If you're looking to sell or purchase - we are advising while adding value. • Contact us to discuss your real estate goals: E: [email protected] IG @saragolanteam.serhant

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$106,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,105.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,481.02
Annual Debt Service$113,772.24