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

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SOLD
$2,075,000

New York

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MultiFamily4,550 SF
Sold 01/19/2024
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Property Image
SOLD

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

19-31 Ditmars Boulevard

See Similar Deals
MultiFamily4,550 SF
Sold 01/19/2024
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$456
Total Square Footage:4,550 SF
Transaction Type:Sale

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 (Theo) Neocli
10 deals$15.8M volume
BROKER

Vasilakis Pyrpos
Astoria Realty
3 deals$5.4M volume(347) 935-7382
BROKER

Details

SOLD
IMAGE: Theodosis Neocli & Vasilakis Pyrpos DATE: 01/19/2024 ADDRESS: 19-31 Ditmars Boulevard MARKET: Astoria, Queens ASSET TYPE: Multifamily BUYER: Lev Zavulunov SELLER: Haralampopoulos Family BROKERS: Theodosis Neocli & Vasilakis Pyrpos - Astoria Realty (@AstoriaRealty) SALE PRICE: $2,075,000 UNITS: 3 ~ PPU: $691,667 SF: 4,550 ~ PPSF: $456

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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

5.33%

Cash Flow (Annual)-$7,372.05
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,836.56
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