Updated Dec 21, 2023
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
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
10.23%
Cash-on-Cash
-2.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93