Thi Diep Purchases Astoria Multifamily Asset For $1.725M With Rep Dimitrios Koufakos
SOLD
$1,725,000
New York
See Similar DealsMultiFamily1,800 SF
Sold 05/28/2025
SOLD
Thi Diep Purchases Astoria Multifamily Asset For $1.725M With Rep Dimitrios Koufakos
33 29 29th Street
See Similar DealsMultiFamily1,800 SF
Sold 05/28/2025
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$958
Total Square Footage:1,800 SF
Transaction Type:Sale
The property asset involved in this transaction is a multifamily unit located at 33-29 29th Street in the Astoria market. The sale price for this asset was $1,725,000, encompassing 2 units. The total square footage of the property is 1,800, resulting in a price per unit of $862,500 and a price per square foot of $958.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,725,000
- Units: 2
- Square Footage: 1,800
- Price per Unit: $862,500
- Price per Square Foot: $958
- Buyer: Thi Diep
- Seller: Myroulla Georgallas
- Seller's Representative: Dimitrios Koufakos - Modern Spaces
Thi Diep is the buyer in this transaction, while Myroulla Georgallas acted as the seller. Dimitrios Koufakos from Modern Spaces represented the seller during this deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$91,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,128.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,177.38
Annual Debt Service$98,128.56
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