Updated Apr 9, 2025
Sal Restivo Acquires Multi-Family Property In Astoria, Queens For $5.56M
29 12 Newtown Ave, Long Island City, Ny 11102, Usa
Building Size
118,200 SF
Asset Type
MultiFamily
Closing
May 23, 2018
About this deal
AI
The multi-family property located at 29-12 Newtown Avenue in Astoria, Queens, New York has been sold for a total price of $5,560,000. The property spans over 11,820 square feet and has a price per square foot of $470. The transaction included a unit price of $347,500.
Summary of transaction details
- Property Type: Multi-Family
- Transaction Amount: $5,560,000
- Address: 29-12 Newtown Avenue, New York
- Market: Astoria, Queens
- Square Footage: 11,820 sf
- Price per Square Foot: $470
- Unit Price: $347,500
The sellers of the property were Michael Lembo, Art Finigan, and Janet O’Brien. The buyer of the property was Sal Restivo. The deal was facilitated by Anthony Lo Verme, who represented the buyer as their agent.
On the Map
MultiFamily
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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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93