SOLDRetail
Matt Fotis & Lazarus Apostolidis Sell Steinway St Retail Property In Astoria, Queens For $9M
32-84 Steinway Street
$9,000,000
$1,068/SF
Building Size
8,420 SF
Asset Type
Retail
Closing
Nov 30, 2022
AI
The property involved in this closed transaction is a retail asset located at 32-84 Steinway St in Astoria, Queens. The property spans a total of 8,420 square feet and was sold for a price of $9,000,000, resulting in a price per square foot of $1,069.
Summary of transaction details:
- Property Type: Retail
- Sale Price: $9,000,000
- Square Footage: 8,420
- Price per Square Foot: $1,069
- Address: 32-84 Steinway St, Astoria, Queens
- Market: Astoria, Queens
The deal was facilitated by the brokers Matt Fotis and Lazarus Apostolidis from Marcus & Millichap.
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
1.76%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93