Judy Chen Acquires Multifamily Property In Astoria For $1.9M
SOLD
$1,999,999
New York
See Similar DealsMultiFamily3,156 SF
Sold 05/18/2023
SOLD
Judy Chen Acquires Multifamily Property In Astoria For $1.9M
23-32 31st Dr Queens, NY 11106, USA
See Similar DealsMultiFamily3,156 SF
Sold 05/18/2023
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$633
Total Square Footage:3,156 SF
Transaction Type:Sale
A multifamily property located at 23-32 31st Road in Astoria has been sold in a recent transaction. The property consists of 3 units with a total square footage of 3,156. The sale price for the property was $1,900,000, resulting in a price per unit of $633,333. The price per square foot was $602.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,900,000
- Address: 23-32 31st Road, Astoria
- Market: Astoria
Judy Chen was the buyer of the property, while Dino Parisi acted as the seller. The sale was facilitated by brokers Luca DiCiero and Rocco Pasquariello from NY Space Finders.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$106,666.61
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,105.58
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,481.02
Annual Debt Service$113,772.19
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