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30-16 Steinway Street

George Skaliarinis Of KSR Acquires Retail Property In Astoria For $2.1M
SOLDRetail

George Skaliarinis Of KSR Acquires Retail Property In Astoria For $2.1M

30-16 Steinway Street

$2,175,000

$600/SF

Building Size

3,625 SF

Asset Type

Retail

Closing

Dec 9, 2022

AI

The retail property located at 30-16 Steinway Street in Astoria has been sold for $2,175,000. The transaction was completed on 12/09/2022. The property spans 3,625 square feet, resulting in a price per square foot of $600.

Summary of transaction details:

  • Property Type: Retail
  • Sale Price: $2,175,000
  • Square Footage: 3,625
  • Price per Square Foot: $600
  • Address: 30-16 Steinway Street
  • Market: Astoria

Alex Lau was the seller in this transaction. The buyer was represented by George Skaliarinis from KSR. On the seller's side, the representative was John R Wilmarth from Metro Commercial & Business Brokers, Inc.

Players

George Skaliarinis

Kassin Sabbagh Realty

Broker

$7M

vol

53 deals

Broker

Alex Lau

Ampiera Group

Seller

$74.4M

vol

6 deals

Seller

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

7.29%

Cash-on-Cash

-2.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93