Mike Konstantinidis Purchases Multifamily Asset In Astoria For $1.075M With Steve Lelekidis As Buyer's Rep
SOLD
$1,075,000
New York
See Similar DealsMultiFamily5,250 SF
Sold 07/29/2025
SOLD
Mike Konstantinidis Purchases Multifamily Asset In Astoria For $1.075M With Steve Lelekidis As Buyer's Rep
28 14 47th Street
See Similar DealsMultiFamily5,250 SF
Sold 07/29/2025
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$204
Total Square Footage:5,250 SF
Transaction Type:Sale
The asset involved in the transaction is a multifamily property located at 28-14 47th Street in Astoria. The selling price of the property was $1,075,000, and it comprises 6 units with a total square footage of 5,250. The price per unit is calculated at $179,166, while the price per square foot stands at $204.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,075,000
- Units: 6
- Square Footage: 5,250
- Price Per Unit: $179,166
- Price Per Square Foot: $204
- Buyer: Mike Konstantinidis
- Seller: Jerry Metejka
- Buyer's Representative: Steve Lelekidis - Modern Spaces
- Seller's Representative: Anthony Lo Verme - Blue Brick Real Estate
The transaction involved key individuals including the buyer, Mike Konstantinidis, and the seller, Jerry Metejka. The representatives for the buyer and seller were Steve Lelekidis from Modern Spaces and Anthony Lo Verme from Blue Brick Real Estate, respectively, who facilitated the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$57,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,819.25
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,096.05
Annual Debt Service$61,152.58
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