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30-09 Broadway, Astoria, NY...

Updated Sep 9, 2024

Sean Straw & Brand Straw Sell Multifamily Property On Broadway For $2.55M With Richard Guarino & John Constantinides As Brokers
SOLDMultiFamily

Sean Straw & Brand Straw Sell Multifamily Property On Broadway For $2.55M With Richard Guarino & John Constantinides As Brokers

30-09 Broadway, Astoria, NY 11106

$2,550,000

$502/SF

Building Size

5,080 SF

Asset Type

MultiFamily

Closing

Jun 21, 2023

About this deal

AI

The multifamily property located at 30-09 Broadway in New York City has been sold in a recent transaction. The property consists of 3 units with a total square footage of 5,080. The sale price for this multifamily asset was $2,550,000, with a per unit price of $850,000. The price per square foot for the property was $502.

Summary of transation details

The sale of this multifamily property was facilitated by Richard Guarino from Friedman-Roth Realty and John Constantinides from Modern Spaces. They represented the sellers, Sean Straw and Brand Straw, in the transaction. The involvement of these brokers showcases their expertise and role in successfully closing the deal.

Players

Richard Guarino

Friedman-Roth Realty

Broker

$313.1M

vol

53 deals

Broker

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $502 per square foot on a published $2.6M for 5,080 square feet (2023).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.22%

Cash-on-Cash

-1.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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