A Retail Property Located At 30–44 Steinway Street was Acquired From Anthanasios Giovanis for $2 million.
30 44 Steinway Street
$2,000,000
$514/SF
Building Size
3,885 SF
Asset Type
Retail
Closing
Jul 16, 2025
AI
The asset involved in this transaction is a retail property located at 30-44 Steinway Street in Astoria. The transaction closed for a price of $2,000,000, encompassing a total square footage of 3,885 and translating to a price per square foot of $514.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,000,000
- Address: 30-44 Steinway Street
- Market: Astoria
- Square Footage: 3,885
- Price Per Square Foot: $514
- Seller: Anthanasios Giovanis
- Brokers: Matt Fotis, Lazarus Apostolidis & Hunter Barocas - Marcus & Millichap
The deal was facilitated by brokers Matt Fotis, Lazarus Apostolidis, and Hunter Barocas, representing Marcus & Millichap in the transaction. Anthanasios Giovanis represented the seller in this retail property sale.
Players
Astoria 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
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93