Ripco Real Estate Brokers Facilitate $2.09M Sale Of Retail Property In Astoria, Queens
30-76 Steinway Street
$2,090,000
$464/SF
Building Size
4,500 SF
Asset Type
Retail
Closing
Feb 8, 2024
AI
Located at 30-76 Steinway Street in Astoria, Queens, this retail property was recently sold in a closed transaction. The property spans approximately 4,500 square feet and was sold for a price of $2,090,000, resulting in a price per square foot of $464.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,090,000
- Square Feet: 4,500
- Address: 30-76 Steinway Street, Astoria, Queens
- Market: Astoria, Queens
The buyer of the property is Kenny Tung, while the seller is Abe Sutton. The deal was facilitated by Ripco Real Estate, with Stephen R. Preuss Sr., Andreas Efthymiou, Kevin Schmitz, Kevin Louie, and Jon Winzelberg serving as the brokers representing the buyer and seller.
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
7.59%
Cash-on-Cash
-2.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93