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24-25 27th Street, Queens, ...

Dominic Casamento Acquires Multi Family Property In Ditmars - Steinway, Queens For $3M
SOLDMultiFamily

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

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.

Players

Dom Casamento

Kingdom Equities

Buyer

$47.7M

vol

12 deals

Buyer

Jeffrey D. Zukerman

Seller

$18M

vol

4 deals

Seller

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