Spiro & John Gatanas Purchase 16-Unit MultiFamily In Astoria For $2.67M
SOLD
New York
See Similar DealsMultiFamily4,008 SF
Sold 03/01/2024
SOLD
Spiro & John Gatanas Purchase 16-Unit MultiFamily In Astoria For $2.67M
21-42 28th Street
See Similar DealsMultiFamily4,008 SF
Sold 03/01/2024
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$667
Total Square Footage:4,008 SF
Transaction Type:Sale
The multi-family property located at 21-42 28th Street in Astoria, Queens, was sold for $2,675,000. The property consists of 16 units with a price per unit of $167,188. The total square footage of the property is 4,008, with a price per square foot of $667.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $2,675,000
- Units: 16
- Price Per Unit: $167,188
- Square Footage: 4,008
- Price Per Square Foot: $667
- Address: 21-42 28th Street, Astoria, Queens
- Market: Astoria, Queens
The buyer of the property was Spiro Gatanas & John Gatanas, while the seller was Anna Yavaldakis. Representing the buyer was Kelly Gatanas from Douglas Elliman. The seller was represented by Anthony Lo Verme from Blue Brick Real Estate.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$142,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,503.71
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,680.86
Annual Debt Service$152,170.38
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