Updated Dec 21, 2023
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
About this deal
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.
On the Map
$9,300,000
$477/SF
MultiFamily
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Players
New York 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
1.71%
Cash-on-Cash
-0.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93