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
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
8.35%
Cash-on-Cash
-2.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93