Wang Lin Purchases Multifamily Property At 23-27 28th Street Astoria For $1,700,000 From John Panistti

The asset involved in the transaction is a multifamily property located at 23-27 28th Street in Astoria, featuring 3 units. The property was sold for $1,700,000, with a total square footage of 2,484, and a price per square foot of $684.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,700,000
• Address: 23-27 28th Street
• Market: Astoria
• Units: 3
• Price Per Unit: $566,666
• Square Footage: 2,484
• Price Per Square Foot: $684
• Buyer: Wang Lin
• Seller: John Panistti
• Seller's Representative: Kim Parshley - Halvatzis Realty
• Broker: Paul Milonakis - Halvatzis Realty

The transaction highlights the expertise of Halvatzis Realty, with Kim Parshley representing the seller and Paul Milonakis acting as the broker. The successful closing demonstrates their capability in navigating the challenges of selling multifamily properties, particularly those with tenants in place.