Kingdom Equities Acquires Multifamily Property In Astoria For $8.6M

Located in the vibrant neighborhood of Astoria, the multifamily property at 28-35/41 34th Street has recently changed hands in a closed transaction. The property, consisting of 42 units, offers a total of 27,000 square feet of living space. The sale price for this transaction was recorded at $8,600,000, resulting in a price per unit of $204,761. The price per square foot for the property is $318. This transaction represents a fruitful investment opportunity in the bustling Astoria market.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $8,600,000
• Units: 42
• Price Per Unit: $204,761
• Square Footage: 27,000
• Price Per Square Foot: $318
• Market: Astoria

The buying party, Kingdom Equities, represented by Dom Casamento, Alyssa Casamento, and Lucas Casamento, acquired the property from Wolinetz Management. Acting as the broker in this transaction is Nadeem Haque from Friedman-Roth Realty. Their expertise and negotiation skills played a pivotal role in facilitating the successful completion of this multifamily property sale. With their guidance, Kingdom Equities secured a valuable asset in the Astoria market.