Nelson Management pays $15.6M to Estate of John Xikis for property in Astoria

Nelson Management through the entity Global 36th Street LLC paid the estate of John Xikis with Andrew Latos, Executor, $15.6 million for 25-98 36th Street in Astoria. The deal closed on October 1, 2020, and was recorded on October 14, 2020. The transaction consists of 1 parcel, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 60 residential units. The property is 50,910 square feet. The parcel(s) have total development potential of 50,910 square feet.
The sale price per unit is $260,000.

The contract date was March 11, 2020. John Xikis bought the building in February 1973.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link
The signatory for the buyer or lender was Robert Nelson