John Arvanitis Acquires Multifamily Property In Astoria For $5.3M With Yianni Bachas As Buyer's Rep

The property asset involved in this transaction includes multiple multifamily units located at 31-11 30th Street, 31-13 30th Street, and 31-15 30th Street in the Astoria market. The sale price of the asset was $5,300,000, encompassing a total of 18 units. The square footage of the property is 13,080, resulting in a price per unit of $294,444 and a price per square foot of $405.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $5,300,000
• Units: 18
• Square Footage: 13,080
• Price Per Unit: $294,444
• Price Per Square Foot: $405
• Buyer: John Arvanitis
• Seller: Eileen Keane
• Buyer's Representative: Yianni Bachas - Amorelli Realty
• Seller's Representatives: Paul Halvatzis & Nicholas Halvatzis - Amorelli Realty
• Buyer's Attorney: Bill Vasiliadis - Vasiliadis Law P.C.

This transaction showcases the involvement of Yianni Bachas representing the buyer, while Paul Halvatzis and Nicholas Halvatzis represented the seller, all from Amorelli Realty. Bill Vasiliadis of Vasiliadis Law P.C. served as the attorney for the buyer in this deal, contributing to the legal aspects of the transaction.