Updated Dec 4, 2024
Greg Corbin Sells Multifamily Asset At 25-82 37th Street In Astoria For $5M
25-82 37th Street
$5,000,000
$370/SF
Building Size
13,480 SF
Asset Type
MultiFamily
Closing
Nov 15, 2024
About this deal
AI
The property asset involved in this transaction is a multifamily building located at 25-82 37th Street in Astoria. The sale price for the property was $5,000,000, which provides a price per unit of $312,500 across its 16 units. The total square footage of the building is 13,480, culminating in a price per square foot of $370.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,000,000
- Units: 16
- Price Per Unit: $312,500
- Total Square Footage: 13,480
- Price Per Square Foot: $370
- Date of Sale: 11/15/2024
The deal was represented by broker Greg Corbin. The transaction highlights the active market dynamics in Astoria, with significant involvement by experienced real estate professionals.
On the Map
$5,000,000
$370/SF
MultiFamily
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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
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93