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91 44th Street, Astoria, NY...

Updated Nov 20, 2023

Ely Singer Acquires Multifamily Asset In Astoria, Queens For $1.85M
SOLDMultiFamily

Ely Singer Acquires Multifamily Asset In Astoria, Queens For $1.85M

91 44th Street, Astoria, NY, USA

$1,850,000

$395/SF

Building Size

4,680 SF

Asset Type

MultiFamily

Closing

Oct 16, 2018

About this deal

AI

The multifamily property located at 30-91 44th Street in Astoria, Queens was recently sold for a price of $1,850,000. The transaction was completed on October 17, 2018, with Ely Singer as the buyer and Steven Mavrikos as the seller. The property was marketed in the Astoria market.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,850,000
  • Address: 30-91 44th Street, Astoria, Queens

Richard Bonugera served as the broker representing both parties in the deal.

The multifamily sale at 91 44th Street, Astoria, NY, USA in Long Island City, New York sold for $1.9M in 2018. The building is 4,680 square feet, implying about 395 per square foot on the published price. Named participants on the 91 44th Street, Astoria, NY, USA sale are Richard Bonugera. This page is the Long Island City, New York file for the 91 44th Street, Astoria, NY, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Long Island City sit in the Market section below. Filter that Long Island City multifamily set by closing date to see what else sold near 91 44th Street, Astoria, NY, USA around 2018. Published consideration for 91 44th Street, Astoria, NY, USA is $1.9M, dated 2018. Cite this Ely Singer Acquires Multifamily Asset In Astoria, Queens For $1.85M sale when underwriting similar multifamily product around Long Island City, New York.

Players

Richard Bonugera

Broker

$1.9M

vol

1 deal

Broker

Long Island City MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $395 per square foot on a published $1.9M for 4,680 square feet (2018).

Visit Richard Bonugera to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

8.57%

Cash-on-Cash

-2.45%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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