Updated Dec 20, 2023
Pandeli Gjini Acquires Multi Family Property In Ditmars - Steinway, Queens For $3.15M
21-45 28th Street, Ditmars Steinway, Queens, NY, USA
$3,150,000
$262/SF
Building Size
12,000 SF
Asset Type
MultiFamily
Closing
Nov 3, 2021
About this deal
AI
The multi-family property located at 21-45 28th Street in Ditmars - Steinway, Queens has been sold in a transaction that closed on November 4, 2021. The property is zoned as R5B and has a lot size of 4,401 square feet. The building has a total square footage of 12,000 square feet and a buildable square footage (BSF) of 5,941. The price for the property was $3,150,000, resulting in a price per buildable square foot (PPBSF) of $530 and a price per square foot (PPSF) of $262. The property last sold on February 28, 2005, for a price of $0. The lot dimensions are 44 feet by 100.03 feet.
Summary of transaction details:
- Property Type: Multi Family
- Transaction Amount: $3,150,000
- Zoning: R5B
- Market: Ditmars - Steinway, Queens
Pandeli Gjini purchased the property from John Sema. The property has a floor area ratio (FAR) of 2.73 and a tax class of 2.
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
5.04%
Cash-on-Cash
-1.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93