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
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