Updated Sep 5, 2024
Lai Tam Acquires 3-Unit Multifamily In Astoria For $1.72M
22 29th Street
$1,720,000
$682/SF
Building Size
2,521 SF
Asset Type
MultiFamily
Closing
Nov 16, 2022
About this deal
AI
A multifamily property located at 34-22 29th Street in Astoria has been sold for a price of $1,720,000. The property consists of 3 units with a total square footage of 2,521. The sale price per unit is approximately $573,333, and the price per square foot is around $682.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,720,000
- Address: 34-22 29th Street
- Market: Astoria
The buyer of the property is Lai Tam, and the seller is Wing Shu Fung. The transaction was facilitated by brokers Marius Rungo and Theodosis Neocli from Astoria Realty.
On the Map
$1,720,000
$682/SF
MultiFamily
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New York 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
9.22%
Cash-on-Cash
-2.64%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93