Tom Kourkoumelis And George Dourountoudakis Acquire Mixed-Use Property In Astoria For $2.4M
SOLD
$2,400,000
New York
See Similar DealsRetail4,870 SF
Sold 10/23/2025
SOLD
Tom Kourkoumelis And George Dourountoudakis Acquire Mixed-Use Property In Astoria For $2.4M
33 12 30th Avenue
See Similar DealsRetail4,870 SF
Sold 10/23/2025
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$492
Total Square Footage:4,870 SF
Transaction Type:Sale
The property involved in this transaction is a mixed-use asset located at 33-12 30th Avenue in the Astoria market. The sale price was $2,400,000, covering a total area of approximately 4,870 square feet, resulting in a price per square foot of $492.
Summary of transaction details:
- Property Type: Mixed-Use
- Transaction Amount: $2,400,000
- Address: 33-12 30th Avenue
- Market: Astoria
- Square Footage: 4,870
- Price Per Square Foot: $492
- Buyer: Tom Kourkoumelis & George Dourountoudakis
- Seller: Flagstar
- Seller's Representative: Dylan Walsh, Nick Kolbus & Kieran Baker - Cushman & Wakefield
This transaction is part of a larger portfolio that is being offered throughout NYC and metropolitan New York, highlighting the ongoing market activity in this region.
Players
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$127,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,526.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,377.22
Annual Debt Service$136,526.69
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