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25-40 36th Street

Jenny Tan Purchases Multifamily Property From Thomas Karavas For $2.15M In Astoria NY
SOLDMultiFamily

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

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.

Players

Nicholas Halvatzis

Amorelli Realty

Broker

$28.9M

vol

9 deals

Broker

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