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25-09 34th Street

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

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

Luca DiCiero

NY Space Finders

Broker

$124.3M

vol

151 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