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:
- Property Type: Multifamily
- Transaction Amount: $4,200,000
- Units: 7
- Square Footage: 3,360
- Price Per Unit: $600,000
- Price Per Square Foot: $1,250
- Seller: John Coco
- Broker Representatives: Matt Fotis, Lazarus Apostolidis & Hunter Barocas - Marcus & Millichap
- Transaction Date: 03/28/2025
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
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