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31-65 23rd Street

Thomas Korns Purchases Multifamily Property At 31-65 23rd Street Astoria For $2,300,000
SOLDMultiFamily

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.

Players

Sara golan

Serhant

Broker

$28.2M

vol

5 deals

Broker

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