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Tracy Cheuk Acquires Multifamily Property In Astoria For $1.44M

Property Image
SOLD
$1,440,000
Adis Kolenovic
ED

New York

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MultiFamily1,800 SF
Sold 06/02/2023
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Property Image
SOLD

Tracy Cheuk Acquires Multifamily Property In Astoria For $1.44M

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

See Similar Deals
MultiFamily1,800 SF
Sold 06/02/2023
Adis Kolenovic
ED
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$800
Total Square Footage:1,800 SF
Transaction Type:Sale

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
Adis Kolenovic
10 deals$11.4M volume(917) 485-5519
BROKER
ED
Enis Deljanin
3 deals$3.6M volume
SELLER

Details

SOLD
IMAGE: Enis Deljanin & Adis Kolenovic DATE: 06/02/2023 ADDRESS: 25-20 23rd Avenue MARKET: Astoria ASSET TYPE: Multifamily BUYER: Tracy Cheuk SELLER: Enis Deljanin BROKER: Adis Kolenovic - Kole Group (@Kolegroup) SALE PRICE: $1,440,000 UNITS: 2 ~ PPU: $720,000 SF: 1,800 ~ PPSF: $800 NOTE FROM BROKER: This deal was done at @CaffeTorinoAstoria

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$76,800.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,116.02
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,826.33
Annual Debt Service$81,916.02