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
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:
- 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.
Players
College Point MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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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