Peter Ginis Acquires Astoria Multifamily For $3.575M

A multifamily property located at 3122 42nd Street in Astoria, Queens has been sold. The property consists of 25 units, with a price per unit of $143,000. The total square footage of the property is 13,775, with a price per square foot of $260. The sale price for the property was $3,575,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,575,000
• Units: 25
• Price per Unit: $143,000
• Square Footage: 13,775
• Price per Square Foot: $260

The buyer of the property is Peter Ginis, while the seller is Jerry Koutsoumbaris. Marcus & Millichap represented both parties in the transaction, with Matthew Fotis and Lazarus Apostolidis acting as the brokers.