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24-28 35th Street

Maarouf Said Acquires Multifamily In Long Island City For $1.35M
SOLDMultiFamily

Maarouf Said Acquires Multifamily In Long Island City For $1.35M

24-28 35th Street

$1,350,000

$649/SF

Building Size

2,080 SF

Asset Type

MultiFamily

Closing

Mar 8, 2024

AI

The multifamily property located at 24-28 35th Street in Long Island City was sold for $1,350,000. The property consists of 2 units with a total square footage of 2,080, resulting in a price per unit of $675,000 and a price per square foot of $649.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $1,350,000
  • Address: 24-28 35th Street
  • Market: Long Island City
  • Asset Type: Multifamily
  • Buyer: Maarouf Said
  • Seller: Maryann Saclarides
  • Broker: Shahriar Alom - The Bouklis Group

Shahriar Alom from The Bouklis Group represented the seller, Maryann Saclarides, in this transaction. Despite receiving multiple all-cash offers, the buyer, Maarouf Said, was able to secure the property for another investment. For similar deals, Shahriar Alom can be contacted at [email protected].

Players

Shahriar Alom

The Bouklis Group

Broker

$4M

vol

3 deals

Broker

Astoria 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

11.75%

Cash-on-Cash

-3.36%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93