Updated Sep 5, 2024
Judy Chen Acquires Multifamily Property In Astoria For $1.9M
23-32 31st Dr Queens, NY 11106, USA
$1,999,999
$633/SF
Building Size
3,156 SF
Asset Type
MultiFamily
Closing
May 18, 2023
About this deal
AI
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.
Players
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
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93