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John Zhang Acquires Multifamily Property On Crescent St. In Astoria For $1.65M

Property Image
SOLD
$1,650,000

New York

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MultiFamily2,100 SF
Sold 07/27/2022
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Property Image
SOLD

John Zhang Acquires Multifamily Property On Crescent St. In Astoria For $1.65M

23-57 Crescent Street

See Similar Deals
MultiFamily2,100 SF
Sold 07/27/2022
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$785
Total Square Footage:2,100 SF
Transaction Type:Sale

A multifamily property located at 23-57 Crescent St. in Astoria has been sold for $1,650,000. The property consists of 3 units with a price per unit of $550,000. The total square footage of the property is 2,100, resulting in a price per square foot of $785.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,650,000
  • Address: 23-57 Crescent St.
  • Market: Astoria
  • Buyer: John Zhang
  • Seller: Chrisoula Papoustakis
  • Broker: Theodosis Neocli - Astoria Realty
  • Units: 3
  • Price per Unit: $550,000
  • Square Footage: 2,100
  • Price per Square Foot: $785

The buyer of the property is John Zhang, while the seller is Chrisoula Papoustakis. The deal was facilitated by Theodosis Neocli from Astoria Realty.

Players

Theodosis (Theo) Neocli
Astoria Realty
Theodosis Neocli
10 deals$15.8M volume
BROKER

Details

SOLD
IMAGE: Theodosis Neocli DATE: 07/27/2022 ADDRESS: 23-57 Crescent St. MARKET: Astoria ASSET TYPE: Multifamily BUYER: John Zhang SELLER: Chrisoula Papoustakis BROKER: Theodosis Neocli - Astoria Realty (@AstoriaRealty) SALE PRICE: $1,650,000 UNITS: 3 ~ PPU: $550,000 SF: 2,100 ~ PPSF: $785

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Debt Service Coverage Ratio (DSCR)

0.94x

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