Multi-family property sells for $25 million
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.