Updated Dec 4, 2024
Anthony Mellis Of Cengiz Sells Astoria Multifamily For $1.535M
11-52 30th Road
$1,535,000
$479/SF
Building Size
3,200 SF
Asset Type
MultiFamily
Closing
Mar 6, 2024
About this deal
AI
The multifamily property located at 11-52 30th Road in Astoria, Queens was sold for $1,535,000. The property comprises 2 units with a total square footage of 3,200, resulting in a price per unit of $767,500 and a price per square foot of $480.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,535,000
- Units: 2
- Square Footage: 3,200
- Price per Unit: $767,500
- Price per Square Foot: $480
- Address: 11-52 30th Road, Astoria, Queens
- Market: Queens
- Seller: Anthony Mellis- Cengiz
- Buyer's Representative: Vincent Lopez & Jacques Wadler - Knickerbocker Realty Group LLC
- Seller's Representatives: Luca DiCiero, Rocco Pasquariello & Devin Navarro - NY Space Finders
The deal was negotiated by Vincent Lopez and Jacques Wadler of Knickerbocker Realty Group LLC, representing the buyer, while Luca DiCiero, Rocco Pasquariello, and Devin Navarro from NY Space Finders acted as the seller's representatives in this successful transaction.
Players
Astoria MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.33%
Cash-on-Cash
-2.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93