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2527 35th St Astoria, NY, 1...

Bajram Sahmanovic Acquires 6-Unit Multifamily In New York City For $2.1M
SOLDMultiFamily

Bajram Sahmanovic Acquires 6-Unit Multifamily In New York City For $2.1M

2527 35th St Astoria, NY, 11103

$2,100,000

$507/SF

Building Size

4,140 SF

Asset Type

MultiFamily

Closing

Jul 11, 2023

AI

A multi-family property located at 2527 35th St. in New York City has been sold for $2,100,000. The property consists of 6 units, with a price per unit of $350,000. It spans across 4,140 square feet, resulting in a price per square foot of $507.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $2,100,000
  • Address: 2527 35th St.
  • Market: New York City
  • Units: 6
  • Price per Unit: $350,000
  • Square Footage: 4,140
  • Price per Square Foot: $507

The buyer of the property is Bajram Sahmanovic, while the seller is Joe Corbo. The transaction was facilitated by Mario Tsikis from Citi Zone Realty.

Players

Mario Tsikis

Citi Zone Realty

Broker

$4.9M

vol

2 deals

Broker

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

7.55%

Cash-on-Cash

-2.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93