Updated Apr 9, 2025
Ravi Patel Purchases Multifamily Property From Harold Munder In Astoria For $2.75M
31 05 21st Street
$2,750,000
Building Size
—
Asset Type
MultiFamily
Closing
Dec 22, 2016
About this deal
AI
The property involved in this transaction is a MultiFamily asset located at 31 05 21st Street in Astoria. The transaction price was $2,750,000.00.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $2,750,000.00
- Address: 31 05 21st Street
- Market: Astoria
- Buyer: Ravi Patel
- Seller: Harold Munder
- Broker: Evan Daniel - Modern Spaces
This deal was facilitated by broker Evan Daniel, who represented the buyer Ravi Patel in this transaction. The seller, Harold Munder, engaged in the sale of the property as part of this deal.
On the Map
$2,750,000
MultiFamily
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Players
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
5.77%
Cash-on-Cash
-1.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93