Dass Ramji Acquires Multifamily Property In Astoria From Mark Shakarov For $6.1 Million
30 38 31st Street
$6,100,000
$792/SF
Building Size
7,700 SF
Asset Type
MultiFamily
Closing
Apr 1, 2025
AI
The property involved in this transaction is a multifamily asset located at 30-38 31st Street in the Astoria market. The sale price of the property was $6,100,000, comprising a total of 10 units. The building has a total square footage of 7,700, resulting in a price per unit of $610,000 and a price per square foot of $792.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $6,100,000
- Units: 10
- Square Footage: 7,700
- Price Per Unit: $610,000
- Price Per Square Foot: $792
- Buyer: Dass Ramji
- Seller: Mark Shakarov
- Brokers: Steve Lelekidis, Angelos Grammatikos & Theodore Giannopulos - Modern Spaces
The buyer of the property, Dass Ramji, was represented in this transaction by no specified brokerage firm. The seller, Mark Shakarov, was also represented by the brokerage team from Modern Spaces which includes Steve Lelekidis, Angelos Grammatikos, and Theodore Giannopulos.
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
2.60%
Cash-on-Cash
-0.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93