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33 29 29th Street

Thi Diep Purchases Astoria Multifamily Asset For $1.725M With Rep Dimitrios Koufakos
SOLDMultiFamily

Thi Diep Purchases Astoria Multifamily Asset For $1.725M With Rep Dimitrios Koufakos

33 29 29th Street

$1,725,000

$958/SF

Building Size

1,800 SF

Asset Type

MultiFamily

Closing

May 27, 2025

AI

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.

Players

Dimitrios Koufakos

Modern Spaces

Broker

$1.7M

vol

3 deals

Broker

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

9.20%

Cash-on-Cash

-2.63%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93