The Bokhour Family Sells Mixed-Use Property In Astoria For $15.5M
3605 29th Street, Astoria, NY 11106
$15,500,000
$221/SF
Building Size
70,000 SF
Asset Type
Mixed-use
Closing
Jan 31, 2022
AI
The mixed-use property located at 3605 29th Street in Astoria was recently sold for a price of $15,500,000. The transaction took place on January 31, 2022, and involved the Bokhour Family as the seller. The property spans an area of approximately 70,000 square feet, resulting in a price per square foot of $221.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $15,500,000
- Address: 3605 29th Street
- Market: Astoria
The representatives for the seller in this deal were Matt Fotis and Lazarus Apostolidis, who work for Marcus & Millichap. Their expertise in the market played a crucial role in facilitating the successful sale of the property.
Players
New York 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
1.02%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93