Greg Corbin Sells Multifamily Asset At 25-82 37th Street In Astoria For $5M

The property asset involved in this transaction is a multifamily building located at 25-82 37th Street in Astoria. The sale price for the property was $5,000,000, which provides a price per unit of $312,500 across its 16 units. The total square footage of the building is 13,480, culminating in a price per square foot of $370.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $5,000,000
• Units: 16
• Price Per Unit: $312,500
• Total Square Footage: 13,480
• Price Per Square Foot: $370
• Date of Sale: 11/15/2024

The deal was represented by broker Greg Corbin. The transaction highlights the active market dynamics in Astoria, with significant involvement by experienced real estate professionals.