Updated Dec 19, 2023
Brandon Guan Acquires Multifamily Property In Astoria, Queens For $1.7M
30-12 49th Street, Astoria, NY 11103, USA
$1,700,000
$323/SF
Building Size
5,250 SF
Asset Type
MultiFamily
Closing
Oct 23, 2021
About this deal
AI
A multifamily property located at 30-12 49th Street in Astoria, Queens, was recently sold in a closed transaction. The property consists of 6 units spanning a total of 5,250 square feet. The sale price for the property was $1,700,000, resulting in a price per unit of $283,333 and a price per square foot of $323. The transaction achieved a cap rate of 3.5%.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,700,000
- Address: 30-12 49th Street, Astoria, Queens
The buyer of the property was Brandon Guan, while the seller was Sal Sorrento. Representing the seller in the deal was Stephen R. Preuss SR.
Players
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
9.33%
Cash-on-Cash
-2.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93