Neofitos Stefanides Purchases Office Property From Danny Tsoi In Astoria For $4.8 Million
30 74 31st Street
$4,800,000
$432/SF
Building Size
11,091 SF
Asset Type
Office
Closing
Dec 20, 2024
About this deal
AI
The property asset involved in this transaction is an office space located at 30 74 31st Street in Astoria. The transaction was completed for a price of $4,800,000.00, encompassing a total area of 11,091 square feet.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $4,800,000.00
- Address: 30 74 31st Street
- Market: Astoria
- Square Footage: 11,091
- Buyer: Neofitos Stefanides
- Seller: Danny Tsoi
This transaction involved Neofitos Stefanides as the buyer and Danny Tsoi as the seller, highlighting the key players in this deal. The transaction was finalized on December 20, 2024.
On the Map
$4,800,000
$432/SF
Office
View full map
Players
Astoria Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
Visit Yaniv Grinberg to view all their deals.
Browse Astoria office sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.30%
Cash-on-Cash
-0.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93