Chris DeAngelis Acquires Astoria Multifamily For $6.3M From Seller Stacey Dean
31-15 32nd Street, Queens, New York 11106, United States
$6,300,000
$460/SF
Building Size
13,695 SF
Asset Type
MultiFamily
Closing
Jun 6, 2022
AI
A multifamily property located at 31-15 32nd St. in Astoria has been sold for a total of $6,300,000. The property consists of 24 units, with an average price per unit of $262,500. The total square footage of the property is 13,695, resulting in a price per square foot of $460.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $6,300,000
- Date: 06/07/2022
- Address: 31-15 32nd St.
- Market: Astoria
The buyer of the property is Chris DeAngelis, while the seller is Stacey Dean. The transaction was facilitated by brokers Andreas Efthymiou, Stephen R. Preuss Sr., Kevin Louie, and Kevin Schmitz from Ripco Real Estate, along with Ami Efrati from Entrepreneur Properties NYC.
Players
New York 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
2.52%
Cash-on-Cash
-0.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93