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Vima Property Group Purchases Mixed-Use Building From Zeljka Birbas In Astoria For $6M

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SOLD
$6,000,000

New York

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Mixed-use40,500 SF
Sold 11/04/2024
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Property Image
SOLD

Vima Property Group Purchases Mixed-Use Building From Zeljka Birbas In Astoria For $6M

34-08 30th Street

See Similar Deals
Mixed-use40,500 SF
Sold 11/04/2024
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Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$148
Total Square Footage:40,500 SF
Transaction Type:Sale

34-08 30th Street is a mixed-use property located in Astoria, Queens, that encompasses forty-five apartments and one store. The sale price for the property was $6,000,000, with a total square footage of 40,500. The price per unit was $130,434, and the price per square foot amounted to $148. The property has been owned long-term and has minimal deferred maintenance.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $6,000,000
  • Units: 46
  • Square Footage: 40,500
  • Price Per Unit: $130,434
  • Price Per Square Foot: $148
  • Buyer: Vima Property Group
  • Seller: Zeljka Birbas
  • Brokers: Dylan Walsh, Andrew Berry, Nick Kolbus & Charlie Gravina - Cushman & Wakefield

Cushman & Wakefield represented the buyer in this transaction. The brokerage team consisted of Dylan Walsh, Andrew Berry, Nick Kolbus, and Charlie Gravina. This sale highlights their effective representation and knowledge in handling mixed-use transactions in the Astoria market.

Players

Andrew Berry
33 deals$410.9M volume
BROKER

Dylan Walsh
Cushman & Wakefield
72 deals$582.7M volume(917) 887-5441
BROKER

Nick Kolbus
Cushman & Wakefield
34 deals$145.2M volume(718) 275-5472
BROKER

Details

SOLD
IMAGE: Dylan Walsh, Andrew Berry, Nick Kolbus & Charlie Gravina DATE: 11/04/2024 ADDRESS: 34-08 30th Street MARKET: Astoria ASSET TYPE: Mixed-use BUYER: Vima Property Group SELLER: Zeljka Birbas BROKERS: Dylan Walsh (@DylWalCRE), Andrew Berry (@ATBerry3), Nick Kolbus (@NKolbus_CRE) & Charlie Gravina - Cushman & Wakefield (@CushWake) SALE PRICE: $6,000,000 UNITS: 46 ~ PPU: $130,434 SF: 40,500 ~ PPSF: $148 NOTE FROM BROKER: Cushman & Wakefield is proud to announce the sale of 34-08 30th Street in Astoria, Queens a mixed-use property that consists of forty-five apartments and one store. Cushman represented the buyer on this transaction, Vima Property Group. This property was long term owned, and has little deferred maintenance.

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

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$21,316.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$28,443.06
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