Thein Win Acquires Astoria Multifamily From Michael Pantelogianis For $1.76M
SOLD
$1,760,000
New York
See Similar Deals2,500 SF
Sold 08/01/2022
SOLD
Thein Win Acquires Astoria Multifamily From Michael Pantelogianis For $1.76M
30-61 35th Street
See Similar Deals2,500 SF
Sold 08/01/2022
Summary
NEW YORK
Price Per Square Foot:$704
Total Square Footage:2,500 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$93,866.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,252.92
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,343.30
Annual Debt Service$100,119.57
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