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20 25 26th Street

Updated Sep 23, 2025

Kathy Heller Purchases Multifamily Property In Astoria For $1.15 Million With Paul Milonakis As Buyer's Representative
SOLDMultiFamily

Kathy Heller Purchases Multifamily Property In Astoria For $1.15 Million With Paul Milonakis As Buyer's Representative

20 25 26th Street

$1,150,000

$645/SF

Building Size

1,782 SF

Asset Type

MultiFamily

Closing

Sep 14, 2025

About this deal

AI

The property located at 20-25 26th Street in Astoria, a multifamily asset, was sold for $1,150,000. This transaction involves a total of 2 units, with a price per unit of $575,000. The building spans a square footage of 1,782 and the price per square foot is calculated at $645.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $1,150,000
  • Buyer: Kathy Heller
  • Seller: John Nusser
  • Buyer’s Representative: Paul Milonakis - Halvatzis Realty
  • Units: 2
  • Price Per Unit: $575,000
  • Square Footage: 1,782
  • Price Per Square Foot: $645

Paul Milonakis represents the buyer in this transaction, assisting Kathy Heller in acquiring her new multifamily home near Ditmars Blvd, catering to her desire for proximity to excellent schools. The property aligns with the buyer's requirements and reflects the ongoing trend in Astoria as a preferred location for residential and investment purposes.

On the Map

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$1,150,000

$645/SF

MultiFamily

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Players

Paul Milonakis

Halvatzis Realty

Broker

$11.7M

vol

5 deals

Broker
Halvatzis Realty
Halvatzis RealtyBrokerage
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Astoria MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $645 per square foot on a published $1.2M for 1,782 square feet (2025).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

13.79%

Cash-on-Cash

-3.94%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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