Updated Oct 25, 2024
Dominic Casamento Acquires Multi Family Property In Ditmars - Steinway, Queens For $3M
24-25 27th Street, Queens, New York 11105, United States
$3,000,000
$359/SF
Building Size
8,350 SF
Asset Type
MultiFamily
Closing
Dec 16, 2021
About this deal
AI
A multi-family property located at 24-25 27 Street in Ditmars-Steinway, Queens, has been sold in a recent transaction. The property is zoned as R5D and is comprised of a total of 9,800 square feet. It features a building square footage of 8,350 and a lot size of 4,900 square feet. The property has a floor area ratio (FAR) of 1.70 and falls under tax class 2B. The previous sale of the property took place on February 29, 2016, for a price of $2,700,000.
Summary of transaction details:
- Property Type: Multi Family
- Transaction Amount: $3,000,000
- SF: 8,350
- PPSF: $359
- BSF: 9,800
- PPBSF: $306
- Lot Size: 4,900
- Lot Dimensions: 49 ft x 100 ft
- Last Sale Price: $2,700,000 (2/29/2016)
- Market: Ditmars-Steinway, Queens
- Buyer: Dominic Casamento
- Seller: Jeffrey D Zukerman
In this transaction, Dominic Casamento served as the buyer, while Jeffrey D Zukerman acted as the seller. The deal was closed on December 17, 2021. No additional information about the parties involved in the transaction is available.
On the Map
$3,000,000
$359/SF
MultiFamily
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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
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93