Updated Dec 21, 2023
Tsering Sangpo Gaga Acquires Multifamily Property In Astoria For $1.35M
30-06 42nd Street, Queens, New York 11104, United States
$1,350,000
$207/SF
Building Size
6,500 SF
Asset Type
MultiFamily
Closing
Jul 13, 2022
About this deal
AI
Located in the market of Astoria, the multifamily property at 30-06 42nd St. has recently been sold in a closed transaction. The property, spanning across 6,500 square feet, consists of 6 units. The sale took place on 07/14/2022.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $1,350,000
- Units: 6
- Price Per Unit: $225,000
- Square Footage: 6,500
- Price Per Square Foot: $207
- Buyer: Tsering Sangpo Gaga
- Seller: Alex Amanatides
- Broker: Steve Lelekidis - Modern Spaces
Tsering Sangpo Gaga acted as the buyer in this transaction, while Alex Amanatides served as the seller. The deal was facilitated by Steve Lelekidis, a representative from Modern Spaces.
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
11.75%
Cash-on-Cash
-3.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93