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30-93 43rd Street

Anthony Morena Acquires Multifamily In Astoria From The Marin Family For $2.35M
SOLDMultiFamily

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

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.

Players

Shaun Riney
Verified Badge

Shaun Riney

Marcus & Millichap

Broker

$1.8B

vol

358 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

6.75%

Cash-on-Cash

-1.93%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93