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
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