Updated Dec 4, 2024
Benjamin Youb Acquires 2-Unit Multifamily Property In Astoria, Queens For $1.65M
30-81 35th Street
$1,650,000
$468/SF
Building Size
3,525 SF
Asset Type
MultiFamily
Closing
Oct 20, 2023
About this deal
AI
The property involved in this transaction is a multifamily asset located at 30-81 35th Street in Astoria, Queens. The sale took place on October 20, 2023. The property comprises 2 units, with a price per unit of $825,000. It has a total square footage of 3,525, resulting in a price per square foot of $468.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,650,000
- Buyer: Benjamin Youb
- Seller: George Sauli
Benjamin Youb is the buyer in this transaction, while George Sauli is the seller. The sale price for the property was $1,650,000. Additionally, it is worth noting that the property consists of 2 units, with a price per unit of $825,000. The total square footage of the property is 3,525, resulting in a price per square foot of $468.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.61%
Cash-on-Cash
-2.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93