Giovanni Sacco pays $7.6M for 35-unit walkup in Astoria

Giovanni Sacco through the entity Vdi Land Corp. paid $7.6 million to Steve Tenedios through the entity 34-26 Tt Realty LLC for the 35-unit residential walkup building (C1) at 34-26 41st Street in Astoria, Queens. The expected use is cash flowing.
The deal closed on January 9, 2026 and was recorded on January 13, 2026. The property has 26,240 square feet of built space according to a PincusCo analysis of city data. The sale price per built square foot is $289 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 seller bought the property on March 1, 2017, for $12.2 million. The signatory for Steve Tenedios was Steve Tenedios. The signatory for Giovanni Sacco was Giovanni Sacco. The contract date was November 25, 2025.

Prior sales, articles and revenue

Prior to this transaction, PincusCo has records that the buyer Giovanni Sacco purchased one property in one transaction for a total of $7.3 million and has no record it sold any properties over the past 24 months.
The seller Steve Tenedios 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 Steve Tenedios, head officer and Michael Pasztor, officer. The business entity is 34-26 Tt Realty Llc. The 26,240-square-foot property generated revenue of $799,692 or $30 per square foot, according to the most recent income and expense figures.

The property

The residential walkup building with 35 residential units in Astoria has 26,240 square feet of built space according to a PincusCo analysis of city data. The parcel has frontage of 100 feet and is 95 feet deep with a total lot size of 9,500 square feet. The zoning is R5 which allows for up to 1.25 times floor area ratio (FAR) for residential. The city-designated market value for the property in 2022 is $4.6 million. The property has 19 rent regulated units according to city tax records from 2024.

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 not received any significant violations 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 four of the eight commercial properties representing 66,378 square feet of the 197,183 square feet. The two identified owners are Ben Biordi and ZD Jasper Realty.
There are no active new building construction projects on this tax block.

The majority, or 72 percent of the 197,183 square feet of built space are walkup buildings, with mixed-use buildings next occupying 16 percent of the space.

The seller

The PincusCo database currently indicates that Steve Tenedios owned at least seven commercial properties with 115 residential units in New York City with 130,940 square feet and a city-determined market value of $20.5 million. (Market value is typically about 50% of actual value.) The portfolio has $20.5 million in debt, borrowed from New York Community Bank. Within the portfolio, the bulk, or 38 percent of the 130,940 square feet of built space are elevator properties, with walkup properties next occupying 34 percent of the space. The bulk, or 90 percent of the built space, is in Queens, with Manhattan next at 10 percent of the space.

The buyer

The PincusCo database currently indicates that Giovanni Sacco owned at least one commercial property with 38 residential units in New York City with 29,480 square feet and a city-determined market value of $4.5 million. (Market value is typically about 50% of actual value.) The portfolio consists of at least a single walkup property. It is located in Queens.

Direct link to Acris document. link