Odyssey Realty Acquires Multifamily Property In Astoria For $5.5M

The multifamily property located at 29-12 Newtown Avenue in Astoria, Queens was sold for $5,500,000. The property features 17 units with a price per unit of $323,529 and spans across 4,365 square feet, equating to a price per square foot of $1,260.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $5,500,000
• Units: 17
• Price Per Unit: $323,529
• Square Footage: 4,365
• Price Per Square Foot: $1,260
• Market: Astoria, Queens

The buyer of the property was Odyssey Realty represented by Nikolaos Nikolaidis. On the other hand, the seller was Sal & Charlie Restivo. The deal was facilitated by Frank Bouklis from The Bouklis Group representing the buyer, and Anthony Lo Verme from Blue Brick Real Estate representing the seller.