Phebe Taylor Acquires Astoria Retail Property From Spyro Avdoulos For $1.35M
SOLD
$1,350,000
New York
See Similar DealsRetail1,388 SF
Sold 10/17/2022
SOLD
Phebe Taylor Acquires Astoria Retail Property From Spyro Avdoulos For $1.35M
31-27 31st Street, Queens, New York 11101, United States
See Similar DealsRetail1,388 SF
Sold 10/17/2022
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$972
Total Square Footage:1,388 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$72,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,796.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,399.69
Annual Debt Service$76,796.26
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