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Michael Kudos Acquires Astoria Multifamily From Evangelina Loutos For $1.35M

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SOLD
$1,350,000

New York

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MultiFamily5,250 SF
Sold 06/26/2024
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Property Image
SOLD

Michael Kudos Acquires Astoria Multifamily From Evangelina Loutos For $1.35M

25-09 34th Street

See Similar Deals
MultiFamily5,250 SF
Sold 06/26/2024
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$257
Total Square Footage:5,250 SF
Transaction Type:Sale

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

Luca DiCiero
151 deals$124.3M volume(347) 242-0353
BROKER

Devin Navarro
NY Space Finders
30 deals$26.8M volume(347) 490-3901
BROKER

Details

SOLD
IMAGE: Luca DiCiero & Devin Navarro DATE: 06/26/2024 ADDRESS: 25-09 34th Street MARKET: Astoria ASSET TYPE: Multifamily BUYER: Michael Kudos SELLER: Evangelina Loutos BROKERS: Luca DiCiero & Devin Navarro (@PrideandProperty_) - NY Space Finders (@NYSpaceFinders) SALE PRICE: $1,350,000 UNITS: 7 ~ PPU: $192,857 SF: 5,250 ~ PPSF: $257

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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