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28 14 47th Street

Mike Konstantinidis Purchases Multifamily Asset In Astoria For $1.075M With Steve Lelekidis As Buyer's Rep
SOLDMultiFamily

Mike Konstantinidis Purchases Multifamily Asset In Astoria For $1.075M With Steve Lelekidis As Buyer's Rep

28 14 47th Street

$1,075,000

$204/SF

Building Size

5,250 SF

Asset Type

MultiFamily

Closing

Jul 28, 2025

AI

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.

Players

Steve Lelekidis

Modern Spaces

Broker

$18.9M

vol

18 deals

Broker
Modern Spaces
Modern SpacesBrokerage

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

14.76%

Cash-on-Cash

-4.22%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93