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
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