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31-15 32nd Street, Queens, ...

Chris DeAngelis Acquires Astoria Multifamily For $6.3M From Seller Stacey Dean
SOLDMultiFamily

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

Kevin Louie

Ripco

Broker

$1B

vol

126 deals

Broker
Chris DeAngelis

Chris DeAngelis

Buyer

$37.7M

vol

8 deals

Buyer

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