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10 53 115th Street

Updated Nov 7, 2025

Gus Konto Acquires Multifamily Asset In College Point For $1.2M With Brokers Steve Lelekidis, Gregory Kyroglou & Markella Antoniou
SOLDMultiFamily

Gus Konto Acquires Multifamily Asset In College Point For $1.2M With Brokers Steve Lelekidis, Gregory Kyroglou & Markella Antoniou

10 53 115th Street

$1,200,000

$232/SF

Building Size

5,160 SF

Asset Type

MultiFamily

Closing

Oct 29, 2025

About this deal

AI

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:

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.

On the Map

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$1,200,000

$232/SF

MultiFamily

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Players

Gregory Kyroglou

Modern Spaces

Broker

$20.8M

vol

5 deals

Broker
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College Point MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $232 per square foot on a published $1.2M for 5,160 square feet (2025).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

13.22%

Cash-on-Cash

-3.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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