Perry Petsanas pays $2.9M for 8-unit walkup in Ditmars Steinway

Perry Petsanas through the entity 2392 Realty LLC paid $2.9 million to Dennis Augoustatos and Katherine Stavrianopoulos through the entity Dalpha Holdings LLC for the eight-unit residential walkup building (C7) at 23-92 37th Street in Ditmars Steinway, Queens.
The deal closed on March 19, 2024 and was recorded on March 27, 2024. The property has 7,284 square feet of built space according to a PincusCo analysis of city data. The sale price per built square foot is $398 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 July 9, 2014, for $1.1 million. The signatory for Dennis Augoustatos and Katherine Stavrianopoulos was Dennis Augoustatos and Katherine Stavrianopoulos. The signatory for Perry Petsanas was Perry Petsanas. The contract date was February 16, 2024.

Prior sales and revenue

Prior to this transaction, PincusCo has no record that the buyer Perry Petsanas had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Dennis Augoustatos 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 Dennis Augoustatos, head officer and Katherine Stavrianopoulos, shareholder. The business entity is 23-92 37th Street Llc.

The property

The residential walkup building with 8 residential units in Ditmars Steinway has 7,284 square feet of built space according to a PincusCo analysis of city data. The parcel has frontage of 25 feet and is 100 feet deep with a total lot size of 2,499 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 $1.8 million.

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 $250 in ECB penalties and $250 in OATH penalties 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

There are no active new building construction projects on this tax block.

The majority, or 100 percent of the 7,284 square feet of built space are walkup buildings, with specialty buildings next occupying 0 percent of the space.

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