Updated Jun 27, 2025
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
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
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93