Irene Becker Sells Mixed-Use Property In Astoria, Queens For $2M
37-04 30th Ave, Queens, NY 11103, USA
$2,000,000
$63/SF
Building Size
31,400 SF
Asset Type
Mixed-use
Closing
Oct 22, 2020
AI
The mixed-use property located at 37-04 30th Avenue in Astoria, Queens has been sold in a recent transaction. The property spans 3,140 square feet and was sold for a total of $2,000,000, resulting in a price per square foot of $637. The property consists of five units, including four residential units and one commercial unit.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $2,000,000
- Square Footage: 3,140
- Price per Square Foot: $637
- Number of Units: 5 (4 residential + 1 commercial)
The seller of the property is Irene Becker. The buyer's identity has not been disclosed in the provided information. The transaction was facilitated by Max Belinsky, Dimitri Kapelonis, Constantinos Kapelonis, and Austin Roche of BKR Real Estate Group.
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
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93