Avison Young Brokers Facilitate $10M Sale Of Astoria Multifamily Property
SOLD
$10,000,000
New York
See Similar DealsMultiFamily46,000 SF
Sold 01/25/2024
SOLD
Avison Young Brokers Facilitate $10M Sale Of Astoria Multifamily Property
25-19 30th Drive
See Similar DealsMultiFamily46,000 SF
Sold 01/25/2024
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$217
Total Square Footage:46,000 SF
Transaction Type:Sale
The multifamily property located at 25-19 30th Drive in Astoria, Queens has been sold for a total price of $10,000,000. The property spans across 46,000 square feet, resulting in a price per square foot of $217.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $10,000,000
- Address: 25-19 30th Drive, Astoria, Queens
- Square Footage: 46,000
- Price Per Square Foot: $217
- Brokers: Charles Kingsley, Frederick Richter, and Joseph Moran - Avison Young
Representing the buyers and sellers in this transaction were Charles Kingsley, Frederick Richter, and Joseph Moran of Avison Young. Their expertise and negotiation skills played a crucial role in the successful completion of this deal.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$533,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$35,527.90
Cash-on-Cash Return-1.27%
Monthly Debt Service$47,405.10
Annual Debt Service$568,861.22
Is there something missing? Send suggestions