Christopher M. DeAngelis Acquires South Astoria Multifamily Property From Steve Tenedios For $5.7M

The multifamily property located at 41-07 28 Avenue in South Astoria, Queens has been sold. The transaction took place on December 13, 2021. The property is situated in a market known as South Astoria, which is a neighborhood in Queens, New York. The property falls under the multifamily asset type and is zoned as R5.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $5,700,000
• Address: 41-07 28 Avenue
• Market: South Astoria, Queens
• Zoning: R5

The buyer in this transaction is Christopher M. DeAngelis, while the seller is Steve Tenedios. The property was sold for a price of $5,700,000. It has a building square footage (BSF) of 14,250 with a price per BSF (PPBSF) of $400. The property's total square footage (SF) is 14,582, and it has a price per square foot (PPSF) of $390.

Other details about the property include a floor area ratio (FAR) of 3.07 and a tax class of 2. The lot size is 4,700 square feet, and the previous sale price was $3,000,000 on June 26, 2012. An alteration permit was issued on November 23, 2021. The lot dimensions are 50 feet by 95 feet.