Updated Sep 9, 2024
John Zhang Acquires Multifamily Property On Crescent St. In Astoria For $1.65M
23-57 Crescent Street
$1,650,000
$785/SF
Building Size
2,100 SF
Asset Type
MultiFamily
Closing
Jul 27, 2022
About this deal
AI
A multifamily property located at 23-57 Crescent St. in Astoria has been sold for $1,650,000. The property consists of 3 units with a price per unit of $550,000. The total square footage of the property is 2,100, resulting in a price per square foot of $785.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,650,000
- Address: 23-57 Crescent St.
- Market: Astoria
- Buyer: John Zhang
- Seller: Chrisoula Papoustakis
- Broker: Theodosis Neocli - Astoria Realty
- Units: 3
- Price per Unit: $550,000
- Square Footage: 2,100
- Price per Square Foot: $785
The buyer of the property is John Zhang, while the seller is Chrisoula Papoustakis. The deal was facilitated by Theodosis Neocli from Astoria Realty.
On the Map
$1,650,000
$785/SF
MultiFamily
View full map
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Theodosis (Theo) Neocli to view all their deals.
Browse New York multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.61%
Cash-on-Cash
-2.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93