Updated Dec 20, 2023
Tsering Sangpo Gaga Acquires 6-Unit Multifamily In Astoria For $1.35M From Seller Alex Amanatides
30 06 42nd Street Northwest
Units
6
Asset Type
—
Closing
Jul 14, 2022
About this deal
AI
A multifamily property located at 30-06 42nd St. in Astoria has been sold for $1,350,000. The property consists of 6 units and spans 6,500 square feet. The price per unit was calculated at $225,000, while the price per square foot stood at $207.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,350,000
- Units: 6
- Price per Unit: $225,000
- Square Footage: 6,500
- Price per Square Foot: $207
- Address: 30-06 42nd St., Astoria
The buyer of the property is Tsering Sangpo Gaga, while the seller is Alex Amanatides. The transaction was facilitated by broker Steve Lelekidis from Modern Spaces.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93