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30-63 44th Street, Astoria,...

Joe Rocco Acquires Astoria Multifamily For $5.1M With Brokers Evi Angelakis And Swain Weiner
SOLDMultiFamily

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

Swain Weiner

Broker

$8.9M

vol

3 deals

Broker

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