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30 23 30th Avenue

John Coco Sells Multifamily Property At 30-23 30th Avenue In Astoria For $4.2M
SOLDMultiFamily

John Coco Sells Multifamily Property At 30-23 30th Avenue In Astoria For $4.2M

30 23 30th Avenue

$4,200,000

$1,250/SF

Building Size

3,360 SF

Asset Type

MultiFamily

Closing

Mar 28, 2025

AI

A multifamily asset located at 30-23 30th Avenue in Astoria has been sold. The property consists of 7 units, encompassing a total square footage of 3,360. The sale price reached $4,200,000, with a price per unit of $600,000 and a price per square foot of $1,250.

Summary of transaction details:

The deal was represented by the brokers from Marcus & Millichap, namely Matt Fotis, Lazarus Apostolidis, and Hunter Barocas, who facilitated the transaction for the seller, John Coco.

Players

Matt Fotis

Marcus & Millichap

Broker

$598M

vol

111 deals

Broker

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

3.78%

Cash-on-Cash

-1.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93