TriArch Real Estate Group Acquires Multifamily Asset In Astoria, Queens For $7.3M

A multifamily property located at 4318 25th Ave in Astoria, Queens has been sold for a total price of $7,300,000. The property consists of 16 units and spans across 14,000 square feet. The sale price per unit is $456,250, and the price per square foot is $521. The transaction took place on March 17, 2022.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $7,300,000
• Units: 16
• Price per Unit: $456,250
• Square Footage: 14,000
• Price per Square Foot: $521

The buyer of the property is Chris DeAngelis from TriArch Real Estate Group. The seller in this deal is Chris Georgeiades. The transaction was facilitated by Andreas Efthymiou from RIPCO.

TriArch Real Estate Group has a specific interest in acquiring buildings with a minimum of 15 units in Astoria. They are prepared to close the deal with all cash within 30 days or less. For any suitable opportunities, they can be reached at [email protected].