30-88 12 Street

Owner: Cape Advisors

Acquired: April 27, 2022, $155.3 million

Debt: December 28, 2022, $212 million

Built: 2021

SF: 108,431

Dwelling units: 151

No. of buildings: 1

Class: Semi-fireproof (Without Stores) (D1)

Floors: 8

Legacy BBLs: 4005040003

Transactions:

• Cape Advisors borrowed $212 million from AIG and Blackstone Group for 11-28 31st Avenue, 11-12 31st Avenue, and 11-37 31st Avenue, Astoria, Queens on December 28, 2022.

• Pioneer Group sold 11-28 30th Drive, 11-12 30th Drive, and 11-37 31st Avenue, Astoria, Queens for $155.3 million to Cape Advisors on April 27, 2022.

Development:

• David Kronman filed plans for alteration in Astoria, Queens, on March 15, 2022.

• David Kronman filed plans for alteration in Astoria, Queens, on December 15, 2021.

• David Kronman filed plans for alteration in Astoria, Queens, on January 06, 2020.

• David Kronman filed plans for alteration in Astoria, Queens, on November 24, 2020.

• David Kronman filed plans for alteration in Astoria, Queens, on March 06, 2020.

Violations:

According to city public data, the properties have received one housing violation in the last year.

Latest Stories:

• Cape Advisors buys 12% stake from partner Cottonwood at 3 Astoria rentals (July 31, 2024)

• Moscow-based Pioneer Group sells Astoria West stake to partner Cape Advisors valued at $155.3M (April 28, 2022)

• Cape Advisors gets $225M construction loan from Square Mile, which borrows $180M from Bank OZK (August 18, 2020)