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.
25-98 36th Street (at 28th Avenue)
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