Kingdom Equities Acquires Multifamily Property In Astoria For $6M
24-24 28th Street, Queens, New York 11102, United States
$6,000,000
$359/SF
Building Size
16,700 SF
Asset Type
MultiFamily
Closing
Dec 17, 2021
AI
A multifamily property located at 24-24 28th Street & 24-25 27th Street in Astoria has been sold for a total price of $6,000,000. The property consists of 18 units with an average price per unit of $333,333. The total square footage of the property is 16,700, resulting in a price per square foot of $359.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $6,000,000
- Address: 24-24 28th Street & 24-25 27th Street, Astoria
- Market: Astoria
- Buyer: Kingdom Equities - Dom Casamento
- Seller: Blank Property Group - Matt Blank
- Units: 18
- Price per Unit: $333,333
- Square Footage: 16,700
- Price per Square Foot: $359
The buyer in this transaction is Kingdom Equities, represented by Dom Casamento. The seller is Blank Property Group, represented by Matt Blank.
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
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93