A Multifamily Asset Purchased From Zorovich Family For $1.7M In Astoria

The property asset involved in this transaction is a multifamily building located at 25-07 24th Avenue in Astoria. It consists of 6 units and spans a total of 5,100 square feet. The sale price for this property was $1,700,000, resulting in a price per unit of $283,333 and a price per square foot of $333.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,700,000
• Units: 6
• Square Footage: 5,100
• Price per Unit: $283,333
• Price per Square Foot: $333
• Seller: Zorovich Family
• Brokers: Matt Fotis, Lazarus Apostolidis & Hunter Barocas - Marcus & Millichap
• Date of Transaction: 01/10/2025
• Market: Astoria

The transaction was facilitated by brokers Matt Fotis, Lazarus Apostolidis, and Hunter Barocas, who represented the seller, the Zorovich Family, in this deal. Their expertise contributed to the successful sale of the multifamily asset.