Updated Dec 21, 2023
The Filla Family Acquires Multifamily Property In Astoria For $5.8M
28-04 31st Street, Queens, New York 11102, United States
$5,815,000
$344/SF
Building Size
16,873 SF
Asset Type
MultiFamily
Closing
Jan 7, 2022
About this deal
AI
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].
On the Map
$5,815,000
$344/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
2.73%
Cash-on-Cash
-0.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93