25-98 36th Street, Astoria building sells for $15.6 million

By: Jordan Allen and Sophia June • [NY Times] – October 13, 2020

Recent commercial real estate transactions in New York.

Recent Sale
$15.6 MILLION
25-98 36th Street (at 28th Avenue)
Queens

This 50,910-square-foot, six-story residential building in the Astoria neighborhood was built in 1931. The building contains an elevator and 59 units, including 58 one-bedroom units and one-three bedroom unit. Some apartments are available for market rate while others are rent-regulated.

Buyer: Global One Real Estate Fund II (through Nelson Management Group)

Seller: Andrew Latos, executor of the estate of John Xikis

Seller’s Broker: Ted Mastakouris of Iron Castle Group