Thomas Korns Purchases Multifamily Property At 31-65 23rd Street Astoria For $2,300,000
31-65 23rd Street
$2,300,000
$860/SF
Building Size
2,672 SF
Asset Type
MultiFamily
Closing
Jul 21, 2026
AI
The property asset involved in this transaction is a MultiFamily unit located at 31-65 23rd Street in the Astoria market. The sale price of the property was $2,300,000, comprising 2 units with a price per unit of $1,150,000. The total square footage of the property is 2,672, resulting in a price per square foot of $860.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $2,300,000
- Units: 2
- Price Per Unit: $1,150,000
- Square Footage: 2,672
- Price Per Square Foot: $860
- Buyer: Thomas Korns
- Seller's Representative: Sara Golan & Sandy Abbas - Serhant
- Date of Sale: 07/21/2026
The key individuals involved in this transaction include the buyer, Thomas Korns, and the seller's representatives, Sara Golan & Sandy Abbas from Serhant. The Sara Golan Team is noted for its expertise in luxury condominium sales and new development, boasting over 20 years of experience in the market across Brooklyn and New York City.
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