Chris DeAngelis Acquires Astoria Multifamily For $6.3M From Seller Stacey Dean
SOLD
$6,300,000
+ 3
New York
See Similar DealsMultiFamily13,695 SF
Sold 06/07/2022
SOLD
Chris DeAngelis Acquires Astoria Multifamily For $6.3M From Seller Stacey Dean
31-15 32nd Street, Queens, New York 11106, United States
See Similar DealsMultiFamily13,695 SF
Sold 06/07/2022
+ 3
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$460
Total Square Footage:13,695 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$336,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$22,382.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$29,865.21
Annual Debt Service$358,382.57
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