Maria Papagiannakis Acquires Multifamily Asset In Astoria From Konstantinos Tzaras For $2.3M
30 86 31st Street
$2,300,000
$613/SF
Building Size
3,750 SF
Asset Type
MultiFamily
Closing
Oct 9, 2025
AI
The property involved in this transaction is a multifamily asset situated at 30-86 31st Street in the Astoria market. The sale price for this property was $2,300,000, encompassing a total of 3,750 square feet and 5 units, which results in a price per unit of $460,000 and a price per square foot of $613.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,300,000
- Units: 5
- Square Footage: 3,750
- Price Per Unit: $460,000
- Price Per Square Foot: $613
- Buyer: Maria Papagiannakis
- Seller: Konstantinos Tzaras
- Brokers: Theodosis Neocli & Marius Rungo - Astoria Realty
The transaction was facilitated by brokers Theodosis Neocli and Marius Rungo, who represent Astoria Realty in this deal, connecting buyer Maria Papagiannakis with seller Konstantinos Tzaras for the purchase of the multifamily property.
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
6.90%
Cash-on-Cash
-1.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93