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30 44 Steinway Street

A Retail Property Located At 30–44 Steinway Street was Acquired From Anthanasios Giovanis for $2 million.
SOLDRetail

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

Matt Fotis

Marcus & Millichap

Broker

$598M

vol

111 deals

Broker
Marcus & Millichap
Marcus & MillichapBrokerage

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