Updated Aug 17, 2026
Joseph Pistilli Of Pistilli Realty Group Secures $7.9M Refinance From J.P. Morgan Chase In Astoria
25-41 30th Road
$7,900,000
$198/SF
Building Size
39,764 SF
Asset Type
MultiFamily
Closing
Jul 30, 2026
About this deal
AI
The property asset involved in the transaction is a multifamily residential building located at 25-41 30th Road in Astoria, Queens. This building consists of 57 units and has a total square footage of 39,764. The landlord associated with this asset is Joseph Pistilli from Pistilli Realty Group. The loan amount for the refinancing is $7,900,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $7,900,000
- Loan Type: Refinance
- Lender: J.P. Morgan Chase
- Landlord: Joseph Pistilli - Pistilli Realty Group
Pistilli Realty Group, through 2541 30th Road LLC, successfully closed a refinancing deal with JPMorgan Chase on July 30, 2026, for their residential elevator building in Astoria. This transaction highlights the collaboration between Pistilli Realty Group and J.P. Morgan Chase in securing financial support for their property investment.
On the Map
$7,900,000
$198/SF
MultiFamily
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Astoria MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.01%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93