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Acquisitions

Peter Eliou acquires 28-15 34th Street

Multi-family property sells for $25 million

Property at 28-15 34th Street (Credit: CoStar)

Peter Eliou has acquired 28-15 34th Street in Astoria from Joseph Previtti for $25 million. The multi-family property spans 52,300 square feet, and contains 60 apartments. Here’s a breakdown of the startus of the units: 43 are rent stabilized; 2 are rent control; and 15 are free market).

Be Smart: Sources close to the deal confirmed to the Daily Beat that the property traded at a 3.8% cap rate. It’s located between 28th and 30th Avenues.

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