Updated Dec 4, 2024
Nick Nikdlaidas Acquires Multifamily Property In Astoria, Queens For $9M
25-31 30th Road
$9,000,000
$264/SF
Building Size
34,000 SF
Asset Type
MultiFamily
Closing
Feb 5, 2024
About this deal
AI
The multifamily property located at 25-31 30th Road in Astoria, Queens has been sold for a total price of $9,000,000. The transaction took place on 02/05/2024.
Summary of Transaction Details:
- Property Type: Multifamily
- Transaction Amount: $9,000,000
- Address: 25-31 30th Road, Astoria, Queens
- Market: Astoria, Queens
The buyer of the property is Nick Nikdlaidas, while the seller is The Kurzner Family.
The deal was facilitated by multiple brokers. Shaun Riney, Sean Fopeano, and Louis Zarif from Marcus & Millichap, along with Dimitri P. Venekas from Cosmos Capital Group, represented the buyer and seller in this transaction.
The property consists of 43 units, with an average price per unit (PPU) of $209,302. The total square footage of the property is 34,000, and the price per square foot (PPSF) is $265.
On the Map
$9,000,000
$264/SF
MultiFamily
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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
1.76%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93