Updated Dec 21, 2023
Loannis Kapsalas Acquires Multi Family Property In Astoria For $3.02M
28-08 23rd Ave, Long Island City, NY 11105, USA & 28-08 23rd Ave, Long Island City, NY 11105, USA
$3,020,000
$46/SF
Building Size
59,040 SF
Asset Type
MultiFamily
Closing
Jul 23, 2018
About this deal
AI
The multi-family property located at 28-08 23rd Avenue in Astoria has been sold for a price of $3,020,000. With a total square footage of 5,904, the property was sold at a price per square foot of $511.
Summary of transaction details
- Property Type: Multi Family
- Transaction Amount: $3,020,000
- Square Footage: 5,904
- Price per Square Foot: $511
- Address: 28-08 23rd Avenue
- Market: Astoria
The sellers of the property were Kimberly Petrizio, Erica Kearney, and Karen Galindo, while the buyer was Loannis Kapsalas. The seller's broker, representing them in the deal, was Thomas Donovan from Cushman and Wakefield. Odysseas Odysseos from NYSPACEFINDERS acted as the buyer's broker.
Players
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
5.25%
Cash-on-Cash
-1.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93