Updated Dec 4, 2024
Zach Zachariadis & Anthony Zachariadis Of TZM Realty Properties Represent Sale Of Astoria Multifamily For $1.8M
23-54 Steinway Street
$1,800,000
$521/SF
Building Size
3,450 SF
Asset Type
MultiFamily
Closing
Aug 8, 2024
About this deal
AI
The asset involved in this transaction is a multifamily property located at 23-54 Steinway Street in Astoria. The sale price of the property was $1,800,000, encompassing a total square footage of 3,450, which translates to a price per square foot of approximately $521.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $1,800,000
- Address: 23-54 Steinway Street
- Market: Astoria
- Square Footage: 3,450
- Price per Square Foot: $521
- Broker Representatives: Zach Zachariadis & Anthony Zachariadis - TZM Realty Properties
Zach Zachariadis and Anthony Zachariadis represented the sale through TZM Realty Properties, facilitating the transaction in the Astoria market. Their involvement highlights their expertise in multifamily property dealings.
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
8.81%
Cash-on-Cash
-2.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93