Phebe Taylor Acquires Astoria Retail Property From Spyro Avdoulos For $1.35M
31-27 31st Street, Queens, New York 11101, United States
$1,350,000
$972/SF
Building Size
1,388 SF
Asset Type
Retail
Closing
Oct 16, 2022
About this deal
AI
A retail property located at 31-27 31st Street in Astoria has been sold for a total price of $1,350,000. The property measures approximately 1,388 square feet, resulting in a price per square foot of $973. The sale was facilitated by Luca DiCiero and Faisal Gilani of NY Space Finders, who represented the buyer, Phebe Taylor, and the seller, Spyro Avdoulos.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $1,350,000
- Address: 31-27 31st Street, Astoria
- Market: Astoria
- Buyer: Phebe Taylor
- Seller: Spyro Avdoulos
- Brokers: Luca DiCiero & Faisal Gilani - NY Space Finders
The transaction, which took place on October 17, 2022, involved the sale of the retail property. Luca DiCiero and Faisal Gilani from NY Space Finders played a crucial role in facilitating the deal, representing both the buyer, Phebe Taylor, and the seller, Spyro Avdoulos.
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
11.75%
Cash-on-Cash
-3.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93