SOLDMultiFamily
Jeffrey Martin Schleider's RPR Ventures Acquires 6-Unit Multifamily In Astoria For $1.7M
30-56 44th Street
$1,725,000
$309/SF
Building Size
5,570 SF
Asset Type
MultiFamily
Closing
Mar 14, 2023
AI
The multifamily property located at 30-56 44th Street in Astoria has been sold in a transaction. The property consists of 6 units with a total square footage of 5,570. The sale price for the property was $1,725,000, resulting in a price per unit of $287,500. The price per square foot was $310.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,725,000
- Units: 6
- Price per Unit: $287,500
- Square Footage: 5,570
- Price per Square Foot: $310
The buyer of the property was Jeffrey Martin Schleider, representing RPR Ventures. The seller was Loucas Louca. John Martisch from RPR Ventures acted as the broker in the transaction.
Players
Market 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
9.20%
Cash-on-Cash
-2.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93