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
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.
Players
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
13.79%
Cash-on-Cash
-3.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93