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21-42 28th Street

Spiro & John Gatanas Purchase 16-Unit MultiFamily In Astoria For $2.67M
SOLDMultiFamily

Spiro & John Gatanas Purchase 16-Unit MultiFamily In Astoria For $2.67M

21-42 28th Street

$2,675,000

$667/SF

Building Size

4,008 SF

Asset Type

MultiFamily

Closing

Mar 1, 2024

AI

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.

Players

Anthony Lo Verme

Blue Brick Real Estate

Broker

$20.6M

vol

6 deals

Broker

Astoria 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

5.93%

Cash-on-Cash

-1.69%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93