Medhat Mohamed Acquires Old Astoria Multifamily For $2.2M With Buyer's Rep Derek Bestreich & Seller's Rep Soccoli Family

A multifamily property located at 26-18 28th Street in Old Astoria, Queens has been sold in a recent transaction. The property consists of 6 units with a total square footage of 4,080. The sale price for the property was $2,200,000, resulting in a price per unit (PPU) of $366,667 and a price per square foot (PPSF) of $539.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $2,200,000
• Address: 26-18 28th Street
• Market: Old Astoria, Queens

The buyer of the property was Medhat Mohamed, while the seller was the Soccoli Family. The transaction was facilitated by brokers Derek Bestreich, Luke Sproviero, Donal Flaherty, Logan Boenning, and Sal Monteverde from Investment Property Realty Group (IPRG).

It is worth noting that the property was delivered vacant, providing flexibility for the buyer to utilize the units according to their own plans and preferences.