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25-20 23rd Ave Queens, NY 1...

Tracy Cheuk Acquires Multifamily Property In Astoria For $1.44M
SOLDMultiFamily

Tracy Cheuk Acquires Multifamily Property In Astoria For $1.44M

25-20 23rd Ave Queens, NY 11105, USA

$1,440,000

$800/SF

Building Size

1,800 SF

Asset Type

MultiFamily

Closing

Jun 2, 2023

AI

The multifamily property located at 25-20 23rd Avenue in Astoria has been sold in a transaction valued at $1,440,000. The property consists of 2 units, with each unit having a price per unit of $720,000. The total square footage of the property is 1,800, resulting in a price per square foot of $800. The buyer of the property was Tracy Cheuk, while the seller was Enis Deljanin. The deal was facilitated by broker Adis Kolenovic from Kole Group.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,440,000
  • Units: 2
  • Price per Unit: $720,000
  • Square Footage: 1,800
  • Price per Square Foot: $800

It is worth noting that this deal was finalized at @CaffeTorinoAstoria, according to the broker Adis Kolenovic.

Players

Adis Kolenovic

Kole Group

Broker

$11.4M

vol

10 deals

Broker

Enis Deljanin

Seller

$3.6M

vol

3 deals

Seller

New York 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

11.02%

Cash-on-Cash

-3.15%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93