Gus Konto Acquires Multifamily Asset In College Point For $1.2M With Brokers Steve Lelekidis, Gregory Kyroglou & Markella Antoniou
SOLD
New York
See Similar DealsMultiFamily5,160 SF
Sold 10/30/2025
SOLD
Gus Konto Acquires Multifamily Asset In College Point For $1.2M With Brokers Steve Lelekidis, Gregory Kyroglou & Markella Antoniou
10 53 115th Street
See Similar DealsMultiFamily5,160 SF
Sold 10/30/2025
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$232
Total Square Footage:5,160 SF
Transaction Type:Sale
The property located at 10-53 115th Street in College Point is a multifamily asset consisting of 6 units. It has a total square footage of 5,160 and achieved a price per unit of $200,000, culminating in a sale price of $1,200,000, which translates to a price per square foot of $232.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,200,000
- Units: 6
- Square Footage: 5,160
- Price Per Unit: $200,000
- Price Per Square Foot: $232
- Buyer: Gus Konto
- Seller: Kresimir Kolanovic
- Broker Representatives: Steve Lelekidis, Gregory Kyroglou, & Markella Antoniou - Modern Spaces
This transaction was facilitated by the broker team from Modern Spaces, consisting of Steve Lelekidis, Gregory Kyroglou, and Markella Antoniou, who represented the buyer and seller during the process.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$64,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,263.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,688.61
Annual Debt Service$68,263.35
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