Loewy Family Sells Multifamily Asset At 18-10 Astoria Boulevard For $4.6 Million

The property asset involved in this transaction is a multifamily building located at 18-10 Astoria Boulevard in Astoria, Queens. The sale price of the property was $4,600,000, consisting of 10 units. The total square footage of the asset is 7,806, which breaks down to a price per unit of $460,000 and a price per square foot of $589.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,600,000
• Units: 10
• Square Footage: 7,806
• Price Per Unit: $460,000
• Price Per Square Foot: $589
• Seller: Loewy Family
• Brokers: Shaun Riney, Sean Fopeano, Louis Zarif & David Cornejo - Marcus & Millichap
• Date of Transaction: 01/28/2025

This transaction was facilitated by a team of brokers from Marcus & Millichap, consisting of Shaun Riney, Sean Fopeano, Louis Zarif, and David Cornejo, who represented the seller, the Loewy Family, in the deal.