George Krokidas Acquires Multifamily Property In Astoria For $3.9M
SOLD
$3,900,000
Virginia
See Similar DealsMultiFamily68,750 SF
Sold 11/13/2019
SOLD
George Krokidas Acquires Multifamily Property In Astoria For $3.9M
25 65 36th St, Long Island City, Ny 11103, Usa
See Similar DealsMultiFamily68,750 SF
Sold 11/13/2019
Summary
VIRGINIA
Asset Type:MultiFamily
Price Per Square Foot:$56
Total Square Footage:68,750 SF
Transaction Type:Sale
The multifamily property located at 25-65 36th Street in Astoria has been sold for a total of $3,900,000. Spanning a total area of 6,875 square feet, this property was sold at a price per square foot of $567. The seller of this property was Tony Dagounakis, while the buyer was George Krokidas.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,900,000
- Address: 25-65 36th Street
- Market: Astoria
- Square Footage: 6,875
- Price per Square Foot: $567
- Seller: Tony Dagounakis
- Buyer: George Krokidas
Representing the seller in this transaction was Tom Bouklis, while Tusher Bhuiyan acted as the buyer's representative.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$208,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,855.87
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,487.99
Annual Debt Service$221,855.88
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