Flo Panescu Acquires Astoria Multifamily For $2.2M

Located at 43-07 31st Avenue in Astoria, this multifamily property was recently sold for a total price of $2,200,000. The property consists of 8 units, with a price per unit of $275,000. The total square footage of the property is 5,686, resulting in a price per square foot of $386.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $2,200,000
• Units: 8
• Price per Unit: $275,000
• Square Footage: 5,686
• Price per Square Foot: $386

The buyer of this property is Flo Panescu, while Henry Parciak is the seller. The deal was facilitated by brokers Jessie Lookfong, Robert Napolitano, and Agata Landa from Capri Jet Realty, located at 533 Metropolitan Avenue in Williamsburg.

Note from Capri Jet Realty: Capri Jet Realty has over 30 years of experience in the sale of multifamily properties, mixed-use investment properties, and development sites.