Michael Moustakas Acquires Multifamily Property In Astoria For $2.8M

The property involved in this transaction is a multifamily asset located at 25-34 36th Street in Astoria. The property has a total square footage of 7,140 and falls under tax class 2B. The sale took place on September 29, 2021.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $2,800,000
• Address: 25-34 36th Street
• Market: Astoria
• Tax Class: 2B

The buyer in this transaction was Michael Moustakas, while the seller was Williams Robles. The deal was facilitated by brokers Matt Fotis, Zachary Golub, Laz Apostolidis, and Paul Youssef from Marcus & Millichap.

The property consists of 8 units, with an average price per unit of $350,000. The price per square foot for this transaction was $392.