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19-31 Ditmars Boulevard

Lev Zavulunov Purchases 19-31 Ditmars Boulevard Multifamily In Astoria For $2.075M
SOLDMultiFamily

Lev Zavulunov Purchases 19-31 Ditmars Boulevard Multifamily In Astoria For $2.075M

19-31 Ditmars Boulevard

$2,075,000

$456/SF

Building Size

4,550 SF

Asset Type

MultiFamily

Closing

Jan 19, 2024

AI

The multifamily property located at 19-31 Ditmars Boulevard in Astoria, Queens, was recently sold for $2,075,000. This property consists of 3 units with a total square footage of 4,550 and a price per unit of $691,667. The price per square foot for this transaction was $456.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,075,000
  • Units: 3
  • Square Footage: 4,550
  • Price Per Unit: $691,667
  • Price Per Square Foot: $456
  • Address: 19-31 Ditmars Boulevard, Astoria, Queens
  • Market: Astoria, Queens
  • Buyer: Lev Zavulunov
  • Seller: Haralampopoulos Family
  • Brokers: Theodosis Neocli & Vasilakis Pyrpos - Astoria Realty

The sale of this property was facilitated with Theodosis Neocli & Vasilakis Pyrpos representing the transaction. Lev Zavulunov acted as the buyer, while the property was sold by the Haralampopoulos Family. The deal involved a well-structured negotiation that culminated in the successful transfer of ownership.

Players

Theodosis Neocli

Astoria Realty

Broker

$15.8M

vol

10 deals

Broker

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

7.64%

Cash-on-Cash

-2.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93