John Valentez Purchases Multifamily Property At 21-49 23rd Street In Astoria For $2,050,000

21-49 23rd Street is a multifamily property located in Astoria, featuring a sale price of $2,050,000. The asset spans 2,484 square feet and consists of 2 units, resulting in a price per unit of $1,025,000 and a price per square foot of $825. The property, built in 1935, is a legal two-family home positioned on a desirable, tree-lined block, providing access to transportation, dining, and shopping options in the area.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,050,000
• Buyer: John Valentez
• Seller: Bella Row
• Buyer's Representative: Paul Milonakis - Halvatzis Realty
• Seller's Representative: Steven Shane - Halvatzis Realty
• Units: 2
• Square Feet: 2,484
• Price Per Unit: $1,025,000
• Price Per Square Foot: $825

Paul Milonakis represented the buyer, John Valentez, in this transaction, showcasing his expertise in identifying opportunities in a competitive Astoria market. Steven Shane represented the seller, Bella Row, highlighting his role in facilitating this transaction. The deal exemplifies the value brought by experienced agents in securing unique assets for their clients in a market with limited inventory.