Joe Rocco Acquires Astoria Multifamily For $5.1M With Brokers Evi Angelakis And Swain Weiner
30-63 44th Street, Astoria, NY, USA
$5,100,000
$502/SF
Building Size
10,146 SF
Asset Type
MultiFamily
Closing
Nov 1, 2018
AI
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.
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
3.11%
Cash-on-Cash
-0.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93