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Byron Street, Rochester, NY...

Peter Eliou Acquires Astoria Multifamily For $25M From Seller Joseph Previtti
SOLDMultiFamily

Peter Eliou Acquires Astoria Multifamily For $25M From Seller Joseph Previtti

Byron Street, Rochester, NY, USA

$25,000,000

$473/SF

Building Size

52,800 SF

Asset Type

MultiFamily

Closing

Jan 21, 2019

AI

The multifamily property located at 28-15 34 Street in Astoria has been sold for $25,000,000. The transaction took place on January 22, 2019. The property spans across 52,800 square feet, with a price per square foot of $473. It comprises a total of 60 units.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $25,000,000
  • Square Footage: 52,800
  • Price per Square Foot: $473
  • Address: 28-15 34 Street, Astoria
  • Market: Astoria

Joseph Previtti was the seller of the property, while Peter Eliou acted as the buyer. The deal was facilitated by Evi Angelakis and Tom Bouklis from GoldenKeyNewYork.

Players

Tom Bouklis

Broker

$32.6M

vol

5 deals

Broker

Peter Eliou

Buyer

$25M

vol

2 deals

Buyer

City of Rochester 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

0.63%

Cash-on-Cash

-0.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93