facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Multifamily

/

Sale

/

28-21 33rd Street, Queens, ...

Giuseppe Rocco Acquires Queens Multifamily For $9.3M From Steve Tenedios
SOLDMultiFamily

Giuseppe Rocco Acquires Queens Multifamily For $9.3M From Steve Tenedios

28-21 33rd Street, Queens, New York 11101, United States

$9,300,000

$477/SF

Building Size

19,460 SF

Asset Type

MultiFamily

Closing

Aug 2, 2022

AI

A multifamily property located at 28-21 33rd Street & 28-19 33rd Street in Queens has been sold for $9,300,000. The transaction took place on August 3, 2022. The property consists of 38 units, with an average price per unit of $244,736. It spans a total area of 19,460 square feet, with a price per square foot of $477.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $9,300,000
  • Address: 28-21 33rd Street & 28-19 33rd Street, Queens
  • Market: Queens
  • Units: 38
  • PPU: $244,736
  • SF: 19,460
  • PPSF: $477

Giuseppe Rocco acquired the property from Steve Tenedios in this transaction. Giuseppe Rocco represented the buyer, while Steve Tenedios represented the seller in the deal.

Players

Steve Tenedios

Seller

$40.2M

vol

7 deals

Seller

New York 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

1.71%

Cash-on-Cash

-0.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93