Irene Becker Sells Mixed-Use Property In Astoria, Queens For $2M
SOLD
$2,000,000
New York
See Similar DealsMixed-use31,400 SF
Sold 10/23/2020
SOLD
Irene Becker Sells Mixed-Use Property In Astoria, Queens For $2M
37-04 30th Ave, Queens, NY 11103, USA
See Similar DealsMixed-use31,400 SF
Sold 10/23/2020
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$63
Total Square Footage:31,400 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
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
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