Updated Oct 29, 2024
John Antzoulis Acquires Multifamily Property In Astoria For $6.4M
35-25 29th Street
$6,400,000
$310/SF
Building Size
20,600 SF
Asset Type
MultiFamily
Closing
May 2, 2023
About this deal
AI
The multifamily property located at 35-25 29th Street in Astoria has been sold. The transaction, dated May 2, 2023, involved the sale of a 32-unit building with a total square footage of 20,600 and a sale price of $6,400,000. This amounts to an average price per unit of $200,000 and a price per square foot of $311.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $6,400,000
- Address: 35-25 29th Street
- Market: Astoria
- Units: 32
- Price per Unit: $200,000
- Square Footage: 20,600
- Price per Square Foot: $311
The buyer in this transaction was John Antzoulis, while the seller was the Estate Of Angelo Roussos. The deal was facilitated by Dylan Walsh, Daniel O'Brien, and Nick Kolbus from Cushman & Wakefield acting as brokers representing the respective parties.
Players
Market 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
2.48%
Cash-on-Cash
-0.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93