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31-09 33rd Street, Astoria,...

Updated Dec 21, 2023

Louis Siderakis Acquires Multifamily Property In Astoria From Pete Makrides
SOLDMultiFamily

Louis Siderakis Acquires Multifamily Property In Astoria From Pete Makrides

31-09 33rd Street, Astoria, Queens, NY, USA

$1,550,000

$429/SF

Building Size

3,608 SF

Asset Type

MultiFamily

Closing

Aug 26, 2021

About this deal

AI

A multifamily property located at 31-09 33rd Street in Astoria has been sold. The property has a total square footage of 3,608 and falls under tax class 2A. The sale took place on August 26, 2021.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,550,000
  • Address: 31-09 33rd Street
  • Market: Astoria
  • Buyer: Louis Siderakis
  • Seller: Pete Makrides
  • Brokers: Steve Lelekidis & John Constantinides - ModernSpaces
  • Asking Price: $1,650,000
  • Price Per Square Foot: $429

This transaction was facilitated by the brokers Steve Lelekidis and John Constantinides from ModernSpaces. The property was sold for $1,550,000, and the buyer is Louis Siderakis, while the seller is Pete Makrides. Steve Lelekidis and John Constantinides represented the parties involved in the deal.

According to a note posted by @ModernSpaces, this sale is another success for Steve and John at Modern Spaces in Astoria. They are actively looking for similar opportunities and have interested buyers. For more information, you can contact Steve at 347-558-0584 or John at 917-903-1606.

Players

Steve Lelekidis

Modern Spaces

Broker

$20.2M

vol

19 deals

Broker

Astoria MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $429 per square foot on a published $1.6M for 3,608 square feet (2021).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

10.23%

Cash-on-Cash

-2.92%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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