Updated Dec 20, 2023
Jay Lau Acquires Over Six Families Property In Old Astoria, Queens For $5.6M
27-21 27th Street, Astoria, Queens County, NY, USA
$5,600,000
$902/SF
Building Size
6,206 SF
Asset Type
MultiFamily
Closing
Jun 24, 2021
About this deal
AI
An over six families without stores property located at 27-21 27th Street in Old Astoria, Queens was recently sold. The transaction took place on June 25, 2021, with a sale price of $5,600,000. The property spans 6,206 square feet, resulting in a price per square foot of $902. The previous sale of the property occurred on May 23, 2017, with a sale price of $2,000,000.
Summary of transaction details:
- Property Type: Over Six Families without Stores (C1) ~ R6B
- Transaction Amount: $5,600,000
- Square Footage: 6,206
- Price per Square Foot: $902
- Address: 27-21 27th Street
- Market: Old Astoria, Queens
The buyer of the property is Jay Lau, while the seller is Janos Kanta. No additional information is available regarding the deal participants.
On the Map
$5,600,000
$902/SF
MultiFamily
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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
2.83%
Cash-on-Cash
-0.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93