Constantine Dionysiou Acquires Retail Building From Montperia Group In Bayside For $5.5M
32-61 Francis Lewis Boulevard
$5,500,000
$1,187/SF
Building Size
4,632 SF
Asset Type
Retail
Closing
Mar 24, 2026
About this deal
AI
The retail building located at 32-61 Francis Lewis Boulevard in Bayside, Queens, has been acquired by Constantine Dionysiou through Agios Dimitrios LLC. The sale was finalized for a price of $5,500,000, covering a building size of 8,156 BSF, which equates to a price per BSF of $674. The building encompasses a total square footage of 4,632 SF, indicating a price per SF of $1,187.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $5,500,000
- Buyer: Constantine Dionysiou
- Seller: Montperia Group
- Date of Sale: 03/24/2026
- BSF: 8,156
- PPBSF: $674
- SF: 4,632
- PPSF: $1,187
Montperia Group was represented in this transaction by Bayside 88 Corp. The deal highlights the involvement of Agios Dimitrios LLC as the purchasing entity for the property, facilitating the transaction on behalf of Constantine Dionysiou.
Players
Flushing 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
2.88%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93