Jeffrey Martin Schleider's RPR Ventures Acquires 6-Unit Multifamily In Astoria For $1.7M
SOLD
$1,725,000
New York
See Similar DealsMultiFamily5,570 SF
Sold 03/14/2023
SOLD
Jeffrey Martin Schleider's RPR Ventures Acquires 6-Unit Multifamily In Astoria For $1.7M
30-56 44th Street
See Similar DealsMultiFamily5,570 SF
Sold 03/14/2023
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$309
Total Square Footage:5,570 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$91,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,128.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,177.38
Annual Debt Service$98,128.56
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