Chiu, LaMartina pay $3.4M for 15-unit walkup in Ditmars Steinway

Lin Chiu and Alex LaMartina through the entity 2384 26th St Astoria LLC paid $3.4 million to Konstantinos Scoufaras and Fay Skoutelas through the entity 1st. Kindred LLC for the 15-unit residential walkup building (C1) at 23-84 26th Street in Ditmars Steinway, Queens.
The deal closed on February 24, 2025 and was recorded on March 14, 2025. The property has 10,560 square feet of built space according to a PincusCo analysis of city data. The sale price per built square foot is $321 per the PincusCo analysis. (The price per square foot analysis is the transaction price divided by square feet as reported in public records and assumes no air rights have been sold.)
The signatory for Konstantinos Scoufaras and Fay Skoutelas was Konstantinos Scoufaras and Fay Skoutelas. The signatory for Lin Chiu and Alex LaMartina was Lin Chiu and Alex LaMartina. The contract date was November 6, 2024.

Prior sales and revenue

Prior to this transaction, PincusCo has no record that the buyer Lin Chiu had purchased any other properties and sold one property in one transaction for a total of $2.6 million over the past 24 months.
The seller Konstantinos Scoufaras had not purchased any other properties and had not sold any properties over the same time period. The former owners according to the Department of Housing Preservation and Development includes Gus Scoufaras, head officer and Fay Skoutelas, officer. The business entity is First Kindred Llc. The 10,560-square-foot property generated revenue of $333,216 or $32 per square foot, according to the most recent income and expense figures.

The property

The residential walkup building with 15 residential units in Ditmars Steinway has 10,560 square feet of built space according to a PincusCo analysis of city data. The parcel has frontage of 45 feet and is 100 feet deep with a total lot size of 4,537 square feet. The zoning is R5B which allows for up to 1.35 times floor area ratio (FAR) for residential. The city-designated market value for the property in 2022 is $1.5 million. The property has 7 rent regulated units according to city tax records from 2023.

Violations and lawsuits

There were no lawsuits or bankruptcies filed against the property for the past 24 months. In addition, according to city public data, the property has received $2,500 in ECB penalties, four housing violations, $2,800 in OATH penalties, and one housing litigation in the last year.

Development

There are no active new building construction projects or major alteration projects with initial costs more than $1 million on this tax lot.

The block

On this tax block, PincusCo has identified the owners of two of the 10 commercial properties representing 10,200 square feet of the 56,585 square feet.
On the tax block, there was one new building construction project filed totaling 220 square feet. It is a 220 square-foot storage (S-2) building submitted by Enis Deljanin with plans filed May 26, 2022 and permitted February 25, 2023.

The majority, or 91 percent of the 56,585 square feet of built space are walkup buildings, with mixed-use buildings next occupying 9 percent of the space.

Updated: An individual’s name was removed for privacy reasons. 

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