Michael Kudos Acquires Astoria Multifamily From Evangelina Loutos For $1.35M
25-09 34th Street
$1,350,000
$257/SF
Building Size
5,250 SF
Asset Type
MultiFamily
Closing
Jun 26, 2024
AI
The multifamily property located at 25-09 34th Street in Astoria was recently sold for $1,350,000. The property comprises 7 units with a total square footage of 5,250, resulting in a price per unit of $192,857 and a price per square foot of $257.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,350,000
- Units: 7
- Price Per Unit: $192,857
- Square Footage: 5,250
- Price Per Square Foot: $257
- Address: 25-09 34th Street
- Market: Astoria
- Buyer: Michael Kudos
- Seller: Evangelina Loutos
- Brokers: Luca DiCiero & Devin Navarro - NY Space Finders
Luca DiCiero and Devin Navarro from NY Space Finders facilitated the transaction that involved the sale of this multifamily property in Astoria. The buyer, Michael Kudos, acquired the property from the seller, Evangelina Loutos, with the assistance of these brokers, marking a significant real estate deal in the area.
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