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30 38 31st Street

Dass Ramji Acquires Multifamily Property In Astoria From Mark Shakarov For $6.1 Million
SOLDMultiFamily

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:

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

Steve Lelekidis

Modern Spaces

Broker

$18.9M

vol

18 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

2.60%

Cash-on-Cash

-0.74%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93