Corbin and Kline of Besen & Associates Sell Astoria Apartment Building for $11.375 million

Queens, NY  Besen & Associates has completed the sales of 24-10 – 24-20 29th St. located between 24th Ave. and Dorothy Pl. in the Ditmars - Steinway section of Astoria. The subject property is comprised of three four-story residential buildings containing a total of 27 units;  eight two-bedroom apartments, three of which have private gardens, 19 three-bedroom apartments and three on-site parking spaces. The buildings total 25,000 s/f and sit on a 15,000 s/f lot with 150 ft. of frontage. 

 

Built in 1935, the buildings were acquired for $11.375 million which equates to $421,296 PPU, $455 per s/f and a 3.8% cap rate. Greg Corbin and Aaron Kline of Besen represented the buyer. 

 

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