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30 74 31st Street

Neofitos Stefanides Purchases Office Property From Danny Tsoi In Astoria For $4.8 Million
SOLDOffice

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

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.

Players

Nathaniel Smith

FIND Real Estate

Broker

$35.1M

vol

13 deals

Broker

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

3.30%

Cash-on-Cash

-0.94%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93