Syed Ahmed Acquires Multifamily Property From Madeline Faraci & Vincenzo Pecora For $3.3M

The property involved in this transaction is located at 168-05 Depot Road in Flushing. It is classified as a MultiFamily asset with a total sale price of $3,300,000. The building consists of 7 units and has a total square footage of 5,916, translating to a price per unit of $471,428 and a price per square foot of $557.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $3,300,000
• Units: 7
• Square Footage: 5,916
• Price per Unit: $471,428
• Price per Square Foot: $557
• Buyer: Syed Ahmed
• Seller: Madeline Faraci & Vincenzo Pecora
• Brokers: Luca DiCiero & Devin Navarro - NY Space Finders
• Date of Transaction: 03/10/2025

This transaction involved significant parties in the deal, with Syed Ahmed acting as the buyer, while the sellers were Madeline Faraci and Vincenzo Pecora. The brokers representing the transaction were Luca DiCiero and Devin Navarro from NY Space Finders, facilitating the sale for the involved parties.