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30 20 49th Street

Updated Jun 27, 2025

Illuminato Cesare Purchases Multifamily Asset From Rosanna Rizik In Astoria For $1.2M
SOLDMultiFamily

Illuminato Cesare Purchases Multifamily Asset From Rosanna Rizik In Astoria For $1.2M

30 20 49th Street

$1,200,000

$228/SF

Building Size

5,250 SF

Asset Type

MultiFamily

Closing

Jun 23, 2025

About this deal

AI

The property involved in this transaction is located at 30-20 49th Street in Astoria. It is a multifamily asset comprising 6 units, offering a total square footage of 5,250. The transaction was completed for a price of $1,200,000, which translates to a price per unit of $200,000 and a price per square foot of $228.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,200,000
  • Units: 6
  • Square Footage: 5,250
  • Price Per Unit: $200,000
  • Price Per Square Foot: $228
  • Buyer: Illuminato Cesare
  • Seller: Rosanna Rizik
  • Brokers: Luca DiCiero & Rocco Pasquariello - NY Space Finders

The transaction was facilitated by brokers Luca DiCiero and Rocco Pasquariello, who represent the buyer and seller in this deal. Their involvement played a key role in the successful completion of the real estate transaction.

Players

Luca DiCiero

NY Space Finders

Broker

$128.9M

vol

155 deals

Broker
NY Space Finders
NY Space FindersBrokerage

Astoria MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $228 per square foot on a published $1.2M for 5,250 square feet (2025).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

13.22%

Cash-on-Cash

-3.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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