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30 86 31st Street

Maria Papagiannakis Acquires Multifamily Asset In Astoria From Konstantinos Tzaras For $2.3M
SOLDMultiFamily

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

Theodosis Neocli

Astoria Realty

Broker

$15.8M

vol

10 deals

Broker
Astoria Realty
Astoria RealtyBrokerage

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