Updated Oct 29, 2024
Nikolaos & Emmanuel Fanourgiakis Acquire Multifamily Building In Astoria, Queens
27-16 23rd Street, Astoria, Queens County, NY, USA
$1,775,000
$828/SF
Building Size
2,142 SF
Asset Type
MultiFamily
Closing
Oct 30, 2018
About this deal
AI
An apartment building located at 27-16 23rd Street in Astoria, Queens, New York has been sold for a price of $1,775,000. The multifamily property, consisting of 6 units and 3 parking spaces, spans a total area of 2,142 square feet. The transaction took place on October 31, 2018.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,775,000
Four Kings Realty, represented by James King and Joanne King, acted as the seller of the property. Nikolaos Fanourgiakis and Emmanuel Fanourgiakis purchased the apartment building. The deal was facilitated by brokers Odysseas Odysseos from NY SPACE FINDERS and Andreas Tsiampas from FS Marino Realty.
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
8.94%
Cash-on-Cash
-2.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93