Updated Jun 24, 2026
Jenny Tan Purchases Multifamily Property From Thomas Karavas For $2.15M In Astoria NY
25-40 36th Street
$2,150,000
$881/SF
Building Size
2,440 SF
Asset Type
MultiFamily
Closing
May 18, 2026
About this deal
AI
The property involved in this transaction is a multifamily asset located at 25-40A 36th Street, Astoria, NY. The property sold for a price of $2,150,000, containing 3 units and totaling 2,440 square feet, resulting in a price per unit of $716,666 and a price per square foot of $881.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,150,000
- Units: 3
- Square Footage: 2,440
- Price Per Unit: $716,666
- Price Per Square Foot: $881
- Buyer: Jenny Tan
- Seller: Thomas Karavas
- Broker: Nicholas Halvatzis - Amorelli Realty
This transaction involves key individuals, including buyer Jenny Tan and seller Thomas Karavas, facilitated by broker Nicholas Halvatzis from Amorelli Realty, representing the interests of both parties in this multifamily property deal.
On the Map
$2,150,000
$881/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
7.38%
Cash-on-Cash
-2.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93