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
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