facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Multifamily

/

Sale

/

33 08 29th Street

Kurre Family Purchases Multifamily Property From Giobbe Family In Astoria For $1.9M
SOLDMultiFamily

Kurre Family Purchases Multifamily Property From Giobbe Family In Astoria For $1.9M

33 08 29th Street

$1,900,000

$273/SF

Building Size

6,960 SF

Asset Type

MultiFamily

Closing

Oct 23, 2025

AI

The transaction involved a multifamily asset located at 33-08 29th Street in Astoria, sold for $1,900,000. The property consists of 8 units, totaling 6,960 square feet, resulting in a price per unit of $237,500 and a price per square foot of $273.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,900,000
  • Address: 33-08 29th Street
  • Market: Astoria
  • Units: 8
  • Square Footage: 6,960
  • Price Per Unit: $237,500
  • Price Per Square Foot: $273
  • Buyer: Kurre Family
  • Seller: Giobbe Family
  • Brokers: Shaun Riney, Sean Fopeano & David Cornejo - Marcus & Millichap

Representing the buyer, the Kurre Family, were the brokerage professionals Shaun Riney, Sean Fopeano, and David Cornejo, who are affiliated with Marcus & Millichap. The seller was represented by the Giobbe Family, contributing to the successful closing of the transaction on 10/23/2025.

Players

Shaun Riney
Verified Badge

Shaun Riney

Marcus & Millichap

Broker

$1.8B

vol

358 deals

Broker
Marcus & Millichap
Marcus & MillichapBrokerage

Astoria MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

8.35%

Cash-on-Cash

-2.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93