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30 66 14th Street

Charlie Davi Sells Multifamily Property In Astoria For $1.25M With Broker Theodosis Neocli
SOLDMultiFamily

Charlie Davi Sells Multifamily Property In Astoria For $1.25M With Broker Theodosis Neocli

30 66 14th Street

$1,250,000

$354/SF

Building Size

3,527 SF

Asset Type

MultiFamily

Closing

Mar 19, 2025

AI

The property asset involved in this transaction is a multifamily building located at 30-66 14th Street in the Astoria market. The sale price for this asset was $1,250,000, comprising 7 units. The total square footage of the property is 3,527, resulting in a price per unit of $178,571 and a price per square foot of $354.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,250,000
  • Units: 7
  • Square Footage: 3,527
  • Price Per Unit: $178,571
  • Price Per Square Foot: $354
  • Seller: Charlie Davi
  • Broker: Theodosis Neocli - Astoria Realty
  • Date of Transaction: 03/19/2025

This transaction involved Charlie Davi as the seller, and Theodosis Neocli represented the broker side through Astoria Realty. The sale reflects ongoing activity in the multifamily sector within the Astoria market, showcasing the interest in residential investments in the area.

Players

Theodosis Neocli

Astoria Realty

Broker

$15.8M

vol

10 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

12.69%

Cash-on-Cash

-3.63%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93