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
City of Rochester MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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