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
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