Neofitos Stefanides Purchases Office Property From Danny Tsoi In Astoria For $4.8 Million
SOLD
$4,800,000
New York
See Similar DealsOffice11,091 SF
Sold 12/20/2024
SOLD
Neofitos Stefanides Purchases Office Property From Danny Tsoi In Astoria For $4.8 Million
30 74 31st Street
See Similar DealsOffice11,091 SF
Sold 12/20/2024
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$432
Total Square Footage:11,091 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$256,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,053.38
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,754.45
Annual Debt Service$273,053.39
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