Avison Young Brokers Facilitate $10M Sale Of Astoria Multifamily Property
25-19 30th Drive
$10,000,000
$217/SF
Building Size
46,000 SF
Asset Type
MultiFamily
Closing
Jan 25, 2024
AI
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
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
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93