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28-41 46th Street

Mike Mujevic Buys Multifamily In Astoria From Marko Raguzin For $1.5M
SOLDMultiFamily

Mike Mujevic Buys Multifamily In Astoria From Marko Raguzin For $1.5M

28-41 46th Street

$1,500,000

$681/SF

Building Size

2,200 SF

Asset Type

MultiFamily

Closing

Jun 13, 2024

AI

The multifamily property located at 28-41 46th Street in Astoria, Queens, was recently sold for $1,500,000. The property consists of 4 units with a total square footage of 2,200. The price per unit is $375,000, and the price per square foot is $682.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,500,000
  • Units: 4
  • Square Footage: 2,200
  • Price per Unit: $375,000
  • Price per Square Foot: $682
  • Address: 28-41 46th Street, Astoria, Queens
  • Buyer: Mike Mujevic
  • Seller: Marko Raguzin
  • Buyer's Representative: Adis Kolenovic - Kole Group
  • Seller's Representative: Jennifer Kolanovic - Signature Premier Properties

Adis Kolenovic of Kole Group represented the buyer, Mike Mujevic, in the transaction. Jennifer Kolanovic from Signature Premier Properties represented the seller, Marko Raguzin. For the best coffee in Astoria, visit @caffetorinoastoria as recommended by the buyer's representative.

Players

Adis Kolenovic

Kole Group

Broker

$11.4M

vol

10 deals

Broker

Astoria 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

10.58%

Cash-on-Cash

-3.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93