George Krokidas Acquires Multifamily Property In Astoria For $3.9M
25 65 36th St, Long Island City, Ny 11103, Usa
$3,900,000
$56/SF
Building Size
68,750 SF
Asset Type
MultiFamily
Closing
Nov 12, 2019
AI
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.
Players
Astoria MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.07%
Cash-on-Cash
-1.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93