Sajid Malik Acquires Multifamily Property At 19-62 77 Street, Astoria Heights / Upper Ditmars For $5.1M

A multifamily property located at 19-62 77 Street in Astoria Heights / Upper Ditmars has been sold in a closed transaction. The property is zoned R4 and has a total square footage of 12,880. The sale price for this transaction was $5,100,000, with a building square footage (BSF) of 6,000. The price per building square footage (PPBSF) is approximately $850. The property has a lot size of 8,000 square feet, with a lot dimension of 80 ft x 100 ft. The floor area ratio (FAR) is 1.61, and the property is classified as tax class 2. An alteration permit was issued on April 25, 2019.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $5,100,000
• Market: Astoria Heights / Upper Ditmars
• Zoning: R4
• BSF: 6,000
• PPBSF: $850
• SF: 12,880
• Lot Size: 8,000
• Lot Dimension: 80 ft x 100 ft
• FAR: 1.61
• Tax Class: 2
• Permits: Alteration 2 (04/25/2019)

The buyer for this transaction was Sajid Malik, and the seller was Salvatore Romano. The deal was represented by Alina Jumagulova from Brixton Manor.