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28-33 Steinway Street, Quee...

Sammy Aranbaev Acquires Package Deal In Astoria For $5.8M
SOLDRetail

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

Matt Fotis

Marcus & Millichap

Broker

$598M

vol

111 deals

Broker
Scott Plasky
Verified Badge

Scott Plasky

Marcus & Millichap

Broker

$406.4M

vol

78 deals

Broker

Sammy Aranbaev

SA Realty Holdings

Buyer

$11.6M

vol

3 deals

Buyer

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