Fotis A. Marto Purchases Multifamily Property From Charles Sciberras In Astoria For $1.7M

The asset involved in this transaction is a multifamily property located at 26-05 24th Avenue in the Astoria market. The property has a total of 6 units, providing a price per unit of $283,333. The total square footage of the property is 2,558, with a price per square foot calculated at $664. The sale was completed for a total price of $1,700,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,700,000
• Units: 6
• Price per Unit: $283,333
• Square Footage: 2,558
• Price per Square Foot: $664
• Buyer: Fotis A. Marto
• Seller: Charles Sciberras
• Broker: John Constantinides - Compass

This transaction involved Fotis A. Marto as the buyer and Charles Sciberras as the seller, facilitating their respective interests in the multifamily property. John Constantinides from Compass represented the seller throughout the deal, ensuring a smooth transaction process between both parties.