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23 25 28th Street

Susan Sarantis Purchases Multifamily Asset From Joe Costello In Astoria For $1.875M
SOLDMultiFamily

Susan Sarantis Purchases Multifamily Asset From Joe Costello In Astoria For $1.875M

23 25 28th Street

$1,875,000

$597/SF

Building Size

3,136 SF

Asset Type

MultiFamily

Closing

Oct 28, 2025

AI

This multifamily asset, located at 23-25 28th Street in Astoria, has been sold for $1,875,000. The property consists of 4 units, totaling 3,136 square feet, which gives a price per unit of $468,750 and a price per square foot of $597.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,875,000
  • Buyer: Susan Sarantis
  • Seller: Joe Costello
  • Brokers: Paul Milonakis & Kim Parshley - Halvatzis Realty
  • Units: 4
  • Square Footage: 3,136
  • Price Per Unit: $468,750
  • Price Per Square Foot: $597

This transaction was facilitated by brokers Paul Milonakis and Kim Parshley, who represent Halvatzis Realty in this deal. There is a note indicating ongoing strong buyer demand in the Astoria neighborhood, with several qualified buyers actively searching for properties.

Players

Paul Milonakis

Halvatzis Realty

Broker

$11.7M

vol

5 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

8.46%

Cash-on-Cash

-2.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93