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

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SOLD
$3,300,000

New York

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MultiFamily5,916 SF
Sold 03/10/2025
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Property Image
SOLD

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

168 05 Depot Road

See Similar Deals
MultiFamily5,916 SF
Sold 03/10/2025
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$557
Total Square Footage:5,916 SF
Transaction Type:Sale

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.

Players

Luca DiCiero
151 deals$124.3M volume(347) 242-0353
BROKER

Devin Navarro
NY Space Finders
30 deals$26.8M volume(347) 490-3901
BROKER

Details

SOLD
IMAGE: Luca DiCiero & Devin Navarro DATE: 03/10/2025 ADDRESS: 168-05 Depot Road MARKET: Flushing ASSET TYPE: MultiFamily BUYER: Syed Ahmed SELLER: Madeline Faraci & Vincenzo Pecora BROKERS: Luca DiCiero & Devin Navarro (@PrideAndProperty_) - NY Space Finders (@NYSpaceFinders) SALE PRICE: $3,300,000 UNITS: 7 ~ PPU: $471,428 SF: 5,916 ~ PPSF: $557

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$11,724.21
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