Giuseppe Rocco Acquires Queens Multifamily For $9.3M From Steve Tenedios
SOLD
$9,300,000
New York
See Similar DealsMultiFamily19,460 SF
Sold 08/03/2022
SOLD
Giuseppe Rocco Acquires Queens Multifamily For $9.3M From Steve Tenedios
28-21 33rd Street, Queens, New York 11101, United States
See Similar DealsMultiFamily19,460 SF
Sold 08/03/2022
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$477
Total Square Footage:19,460 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$496,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$33,040.93
Cash-on-Cash Return-1.27%
Monthly Debt Service$44,086.74
Annual Debt Service$529,040.94
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