Joe Rocco Acquires Astoria Multifamily For $5.1M With Brokers Evi Angelakis And Swain Weiner
SOLD
$5,100,000
New York
See Similar DealsMultiFamily10,146 SF
Sold 11/02/2018
SOLD
Joe Rocco Acquires Astoria Multifamily For $5.1M With Brokers Evi Angelakis And Swain Weiner
30-63 44th Street, Astoria, NY, USA
See Similar DealsMultiFamily10,146 SF
Sold 11/02/2018
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$502
Total Square Footage:10,146 SF
Transaction Type:Sale
A multifamily property located at 30-63 44 Street in Astoria has been sold for a price of $5,100,000. The property spans 10,146 square feet and has a price per square foot of $502. This transaction took place on November 2, 2018 and was represented by Evi Angelakis and Swain Weiner from Golden Key Realty.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,100,000
- Address: 30-63 44 Street, Astoria
- Square Footage: 10,146
- Price per Square Foot: $502
The buyer of the property is Joe Rocco, while the seller is Rina Pieraccini. The deal was facilitated by brokers Evi Angelakis and Swain Weiner from Golden Key Realty. The property generated a gross income of $300,000.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$271,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,119.23
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,176.60
Annual Debt Service$290,119.22
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