Alex Kaskel Acquires Vacant Single-Story Retail In Astoria, Queens For $2.03M
31-79 Steinway St, Astoria, Queens County, NY, USA
$2,035,000
$904/SF
Building Size
2,250 SF
Asset Type
Retail
Closing
Mar 7, 2019
About this deal
AI
31-79 Steinway St in Astoria, Queens has been sold in a recent transaction. The property is a vacant single-story retail space with a total area of 2,250 square feet. The sale price for this property was $2,035,000, resulting in a price per square foot of $904. The property is zoned as C4-3.
Summary of transaction details
- Property Type: Vacant Single-Story Retail
- Transaction Amount: $2,035,000
- Address: 31-79 Steinway St, Astoria, Queens
- Market: Astoria, Queens
- Seller: Allen Gerber
- Buyer: Alex Kaskel - ABS Properties & First Pioneer Properties
- Brokers: Andreas Efthymiou & Stephen R. Preuss @TeamPreuss
- Zoning: C4-3
The buyer in this transaction is Alex Kaskel, representing ABS Properties & First Pioneer Properties. The seller, Allen Gerber, successfully closed the deal with the help of brokers Andreas Efthymiou and Stephen R. Preuss from Team Preuss.
On the Map
$2,035,000
$904/SF
Retail
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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
7.80%
Cash-on-Cash
-2.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93