Updated Dec 4, 2024
Anthony Morena Acquires Multifamily In Astoria From The Marin Family For $2.35M
30-93 43rd Street
$2,350,000
$373/SF
Building Size
6,300 SF
Asset Type
MultiFamily
Closing
Apr 25, 2024
About this deal
AI
The multifamily property located at 30-93 43rd Street in Astoria, Queens, was sold for $2,350,000. The property comprises 6 units with a total square footage of 6,300, resulting in a price per unit of $391,667 and a price per square foot of $373.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,350,000
- Units: 6
- Square Footage: 6,300
- Price Per Unit: $391,667
- Price Per Square Foot: $373
- Address: 30-93 43rd Street, Astoria, Queens
- Market: Astoria, Queens
The transaction involved three brokers from Marcus & Millichap, namely Shaun Riney, Sean Fopeano, and Louis Zarif. The buyer of the property was Anthony Morena, while the seller was The Marin Family.
On the Map
$2,350,000
$373/SF
MultiFamily
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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
6.75%
Cash-on-Cash
-1.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93