SOLD
Alfonso Martone Acquires Multifamily Property In Astoria For $1.4M
22-24 42nd Street
MultiFamily
3,840 SF
3,840 SF
Sold 1 year ago
Summary
Sale
NEW YORK
MultiFamily
3,840 sqft
A multifamily property located at 22-24 42nd Street in Astoria has been sold in a recent transaction for a total price of $1,400,000. The property consists of 7 units, with a price per unit (PPU) of $200,000. Spanning across 3,840 square feet, the property has a price per square foot (PPSF) of $364. The cap rate for this investment stands at 5.5%.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,400,000
- Address: 22-24 42nd Street, Astoria
- Market: Astoria
The buyer in this transaction is Alfonso Martone, while James Zaccaria is the seller. Parry Ermogenous and Gianfranco Salamone represented both parties as brokers.
Players
All
3
Agents
2
Agencies
1
Details
SOLD
IMAGE: Parry Ermogenous & Gianfranco Salamone
DATE: 08/09/2021
ADDRESS: 22-24 42nd Street
MARKET: Astoria
ASSET TYPE: Multifamily
BUYER: Alfonso Martone
SELLER: James Zaccaria
BROKERS: Parry Ermogenous (@ParryErmo) & Gianfranco Salamone (@GSala82)
SALE PRICE: $1,400,000
UNITS: 7 ~ PPU: $200,000
SF: 3,840 ~ PPSF: $364
CAP: 5.5%View on map
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Address22-24 42nd Street
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