Sammy Aranbaev Acquires Package Deal In Astoria For $5.8M
28-33 Steinway Street, Queens, New York 11103, United States
$5,800,000
$467/SF
Building Size
12,397 SF
Asset Type
Retail
Closing
Dec 10, 2021
AI
The property involved in this transaction is a package deal located at 28-33 Steinway St., 30-19 Steinway St., 30-28 Steinway St., and 30-29 Steinway St. in Astoria. The deal was closed on December 10, 2021. The package deal consists of a total of 12,397 square feet, with a sale price of $5,800,000 and a price per square foot of $467.
Summary of transaction details
- Property Type: Package Deal
- Transaction Amount: $5,800,000
- Square Footage: 12,397
- Address: 28-33 Steinway St., 30-19 Steinway St., 30-28 Steinway St., and 30-29 Steinway St., Astoria
The buyer in this transaction is Sammy Aranbaev, and the seller is The Recknagel Family. The buyer was represented by Scott Plasky and Billy Stephan from Marcus & Millichap, while the seller was represented by Matt Fotis and Zachary Golub, also from Marcus & Millichap.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.73%
Cash-on-Cash
-0.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93