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

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SOLD
$1,200,000

New York

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MultiFamily5,250 SF
Sold 06/24/2025
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SOLD

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

30 20 49th Street

See Similar Deals
MultiFamily5,250 SF
Sold 06/24/2025
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$228
Total Square Footage:5,250 SF
Transaction Type:Sale

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
151 deals$124.3M volume(347) 242-0353
BROKER

Rocco Pasquariello
NY Space Finders
5 deals$6.7M volume(718) 578-7495
BROKER

NY Space Finders
BROKERAGE

Details

SOLD
IMAGE: Luca DiCiero & Rocco Pasquariello DATE: 6/24/2025 ADDRESS: 30-20 49th Street MARKET: Astoria ASSET TYPE: Multifamily BUYER: Illuminato Cesare SELLER: Rosanna Rizik BROKERS: Luca DiCiero & Rocco Pasquariello - NY Space Finders (@NYSpaceFinders) SALE PRICE: $1,200,000 UNITS: 6 ~ PPU: $200,000 SF: 5,250 ~ PPSF: $228

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,263.34
Cash-on-Cash Return-1.27%
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