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Unknown Buyer Acquires Property In Astoria For $1.6 Million With Seller's Reps Andreas Efthymiou And Eric C. Roth

Property Image
SOLD
$1,600,000
Eric C. Roth
Tyler Signora
Andreas Efthymiou

New York

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Mixed-use
Sold 06/28/2021
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Property Image
SOLD

Unknown Buyer Acquires Property In Astoria For $1.6 Million With Seller's Reps Andreas Efthymiou And Eric C. Roth

3708 31st Ave, Queens, NY, 11103

See Similar Deals
Mixed-use
Sold 06/28/2021
Eric C. Roth
Tyler Signora
Andreas Efthymiou
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Mixed-use
Transaction Type:Sale

The property asset involved in this transaction is a mixed-use development site located at 3708 31st Ave, Queens, NY, 11103, within the Astoria market. The site was sold for $1,600,000.00 and has a total of 7,830 buildable square feet. It features 26 feet of frontage along 31st Avenue and is situated near the Steinway Street M and R subway lines, enhancing its accessibility.

Summary of transaction details:

  • Property Type: Mixed-use development site
  • Transaction Amount: $1,600,000.00
  • Address: 3708 31st Ave, Queens, NY, 11103
  • Market: Astoria
  • Seller's Representatives: Andreas Efthymiou - Ripco, Eric C. Roth - Friedman-Roth Realty
  • Buyer: Unknown
  • Buildable Square Feet: 7,830
  • Frontage: 26 feet along 31st Avenue

Andreas Efthymiou and Eric Roth from Ripco and Friedman-Roth Realty represented the seller in this transaction. The property was positioned strategically between 38th Street and 37th Street, contributing to its market value and development potential in a bustling area.

Players

Andreas Efthymiou
Ripco
Andreas Efthymiou
128 deals$1.1B volume
BROKER
Tyler Signora
Newmark
Tyler Signora
37 deals$852.2M volume(212) 372-0759
BROKER
Eric C. Roth
Friedman-Roth Realty
Eric C. Roth
3 deals$6.4M volume
BROKER

Details

SOLD
IMAGE: 3708 31st Ave, Queens, NY, 11103 MARKET: Astoria SELLER'S REP: Andreas Efthymiou -Ripco, Eric C. Roth -Friedman-Roth Realty BUYER: Unknown PRICE: $1,600,000.00 SF: 0

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

$85,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,684.48
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,584.82
Annual Debt Service$91,017.80