Astoria rental sells for $2.9M, 40% below 2016 sale price

Dominic Casamento through the entity Casa 14 LLC paid Freddy Torres’s F & F Enterprises, Inc. $2.9 million for 30-90 14th Street in Astoria. The deal closed on June 4, 2020, and was recorded on June 5, 2020. The transaction consists of 1 parcel, including the tax class multifamily, over six families without stores (C1) and containing 17 residential units. The property is 11,830 square feet. The parcel(s) have total development potential of 11,830 square feet.
The sale price per unit is $173,088.

The sale went into contract on February 14, 2020. The last time the property sold was February 1, 2016, for $4.8 million.

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