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
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
New York CRE Market Snapshot
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