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23 23 30th Road

Dr. Matthew Werth Acquires Office At 23-23 30th Road In Astoria For $1.009M
SOLDOffice

Dr. Matthew Werth Acquires Office At 23-23 30th Road In Astoria For $1.009M

23 23 30th Road

$1,009,000

$191/SF

Building Size

5,259 SF

Asset Type

Office

Closing

Jan 29, 2026

AI

The property involved in this transaction is an office asset located at 23-23 30th Road in Astoria. The sale price was $1,009,000, with a total square footage of 5,259, resulting in a price per square foot of $191.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $1,009,000
  • Address: 23-23 30th Road
  • Market: Astoria
  • Square Footage: 5,259
  • Price Per Square Foot: $191
  • Buyer: Dr. Matthew Werth
  • Seller: Eric Belanich
  • Buyer's Representative: Seth Kessler & Ananda M. Gellock - Real New York
  • Seller's Representative: Luca DiCiero & Faisal Gilani - NY Space Finders

Dr. Matthew Werth was the buyer in this transaction, while Eric Belanich acted as the seller. The representatives for the buyer were Seth Kessler and Ananda M. Gellock from Real New York. The transaction also involved Luca DiCiero and Faisal Gilani representing the seller from NY Space Finders.

Players

Faisal Gilani

NY Space Finders

Broker

$27.4M

vol

46 deals

Broker

Eric Belanich

Seller

$6.4M

vol

2 deals

Seller

Astoria Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

15.72%

Cash-on-Cash

-4.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93