Peter Eliou Acquires Astoria Multifamily For $25M From Seller Joseph Previtti
SOLD
$25,000,000
New York
See Similar DealsMultiFamily52,800 SF
Sold 01/22/2019
SOLD
Peter Eliou Acquires Astoria Multifamily For $25M From Seller Joseph Previtti
Byron Street, Rochester, NY, USA
See Similar DealsMultiFamily52,800 SF
Sold 01/22/2019
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$473
Total Square Footage:52,800 SF
Transaction Type:Sale
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
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,333,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$88,819.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$118,512.75
Annual Debt Service$1,422,153.05
Is there something missing? Send suggestions