The Filla Family Acquires Multifamily Property In Astoria For $5.8M
SOLD
$5,815,000
New York
See Similar DealsMultiFamily16,873 SF
Sold 01/07/2022
SOLD
The Filla Family Acquires Multifamily Property In Astoria For $5.8M
28-04 31st Street, Queens, New York 11102, United States
See Similar DealsMultiFamily16,873 SF
Sold 01/07/2022
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$344
Total Square Footage:16,873 SF
Transaction Type:Sale
The property involved in this closed transaction is a multifamily asset located at 28-04 31st Street in Astoria. The property consists of 12 units with a total square footage of 16,873. The sale price for this property was $5,815,000, resulting in a price per unit of $484,583 and a price per square foot of $344.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,815,000
- Address: 28-04 31st Street
- Market: Astoria
The buyer in this transaction was the Filla Family, while the seller was the Vlach Family. The deal was facilitated by Chris Pappas from Compass. Chris Pappas, who serves as the Vice President of Commercial at Compass, can be reached at 516-427-2000 or via email at [email protected].
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$310,133.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$20,659.47
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,566.07
Annual Debt Service$330,792.80
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