Updated Aug 26, 2026
Ajoe Abraham Acquires Multifamily Property In Astoria For $2,010,000 With Seller's Rep Nicholas Halvatzis
28-05 21st Avenue
$2,010,000
$785/SF
Building Size
2,560 SF
Asset Type
MultiFamily
Closing
Jul 21, 2026
About this deal
AI
The property asset involved in this transaction is a MultiFamily building located at 28-05 21st Avenue in the Astoria market. It has a sale price of $2,010,000 and encompasses a total square footage of 2,560. The price per square foot is noted at $785.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $2,010,000
- Square Footage: 2,560
- Price per Square Foot: $785
- Buyer: Ajoe Abraham
- Seller: George Elliott
- Seller's Representative: Nicholas Halvatzis - Amorelli Realty
- Date of Sale: 07/21/2026
This transaction features Ajoe Abraham as the buyer, while George Elliott acts as the seller. The representation for the seller is provided by Nicholas Halvatzis from Amorelli Realty, highlighting the brokerage involvement in the deal.
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
7.89%
Cash-on-Cash
-2.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93