Updated Sep 9, 2024
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
- Property Type: Multifamily
- Transaction Amount: $2,550,000
- Address: 30-09 Broadway, New York City
- Market: New York City
- Units: 3
- Square Footage: 5,080
- Seller: Sean Straw & Brand Straw
- Brokers: Richard Guarino - Friedman-Roth Realty & John Constantinides - Modern Spaces
- Per Unit Price: $850,000
- Price Per Square Foot: $502
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
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
6.22%
Cash-on-Cash
-1.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93