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30-81 35th Street

Updated Dec 4, 2024

Benjamin Youb Acquires 2-Unit Multifamily Property In Astoria, Queens For $1.65M
SOLDMultiFamily

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.

Players

Astoria MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $468 per square foot on a published $1.7M for 3,525 square feet (2023).

Browse Astoria multifamily sales on Traded.

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

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