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
Astoria MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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