Thein Win Acquires Astoria Multifamily From Michael Pantelogianis For $1.76M
30-61 35th Street
$1,760,000
$704/SF
Building Size
2,500 SF
Asset Type
—
Closing
Aug 1, 2022
About this deal
AI
A multifamily property located at 30-61 35th St. in Astoria has been sold for a price of $1,760,000. The property consists of 2 units with a total square footage of 2,500. The sale price per unit was $880,000 and the price per square foot was $704.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,760,000
- Units: 2
- Price per Unit: $880,000
- Total Square Footage: 2,500
- Price per Square Foot: $704
The buyer of the property is Thein Win and the seller is Michael Pantelogianis. The buyer's representative in the deal was Steve Lelekidis from Modern Spaces.
Players
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Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.01%
Cash-on-Cash
-2.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93