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
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