Updated Oct 2, 2026
SOLDMultiFamily
Rahman Shuzi Purchases MultiFamily Property From Manny Tzakis In Astoria For $2,330,000
31-55 35th Street
$2,330,000
$463/SF
Building Size
5,025 SF
Asset Type
MultiFamily
Closing
Sep 24, 2026
About this deal
AI
The property asset involved in this transaction is a multi-family building located at 31-55 35th Street in Astoria. The sale price was $2,330,000, and the property encompasses 5,025 square feet, resulting in a price per square foot of $463.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $2,330,000
- Address: 31-55 35th Street
- Market: Astoria
- Square Footage: 5,025
- Price per Square Foot: $463
- Buyer: Rahman Shuzi
- Seller: Manny Tzakis
- Broker: Yianni Bachas - Amorelli Realty
- Note: This transaction represents the highest priced 6-family sale in Astoria in the past five years, among properties with at least one rent stabilized unit.
This transaction showcases the involvement of broker Yianni Bachas from Amorelli Realty, representing the seller, Manny Tzakis. The buyer, Rahman Shuzi, has engaged in a significant purchase within a competitive property market.
On the Map
$2,330,000
$463/SF
MultiFamily
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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
6.81%
Cash-on-Cash
-1.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93