Tom Kourkoumelis And George Dourountoudakis Acquire Mixed-Use Property In Astoria For $2.4M
33 12 30th Avenue
$2,400,000
$492/SF
Building Size
4,870 SF
Asset Type
Retail
Closing
Oct 22, 2025
AI
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
Astoria 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
6.61%
Cash-on-Cash
-1.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93