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.
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
2.83%
Cash-on-Cash
-0.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93