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

Property Image
SOLD
$1,875,000

New York

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MultiFamily3,136 SF
Sold 10/29/2025
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Property Image
SOLD

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

23 25 28th Street

See Similar Deals
MultiFamily3,136 SF
Sold 10/29/2025
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$597
Total Square Footage:3,136 SF
Transaction Type:Sale

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
5 deals$11.7M volume(917) 364-1220
BROKER

Kim Parshley
Halvatzis Realty
1 deal$1.9M volume(917) 620-5344
BROKER

Details

SOLD
IMAGE: Paul Milonakis & Kim Parshley DATE: 10/29/2025 ADDRESS: 23-25 28th Street MARKET: Astoria ASSET TYPE: Multifamily BUYER: Susan Sarantis SELLER: Joe Costello BROKERS: Paul Milonakis (@PMilonakis) & Kim Parshley - Halvatzis Realty SALE PRICE: $1,875,000 UNITS: 4 ~ PPU: $468,750 SF: 3,136 ~ PPSF: $597 NOTE FROM BROKER: 🏡 Just Sold in Astoria! Thrilled to announce the all-cash sale of this beautiful legal 4-family home right here in the heart of Astoria! 💥 Buyer demand in the neighborhood remains incredibly strong — we still have several qualified buyers actively searching for their next property. If you’ve been considering selling, now is the perfect time. 📞 Connect with your trusted Astoria real estate experts today!

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$100,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,661.47
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,888.46
Annual Debt Service$106,661.48