Francisco Diaz Acquires Multifamily Property In Astoria For $1.9M
SOLD
$1,900,000
New York
See Similar DealsMultiFamily2,368 SF
Sold 03/29/2019
SOLD
Francisco Diaz Acquires Multifamily Property In Astoria For $1.9M
3124 33rd Street, Astoria, Queens, NY 11106, USA
See Similar DealsMultiFamily2,368 SF
Sold 03/29/2019
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$802
Total Square Footage:2,368 SF
Transaction Type:Sale
A multifamily property located at 31-24 33rd St in Astoria has been sold for $1.9 million. The property spans 2,368 square feet, resulting in a price per square foot of $802.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1.9 million
- Address: 31-24 33rd St, Astoria
- Market: Astoria
- Seller: Geraldo & Giuseppe Guarnaccia
- Buyer: Francisco Diaz
- Brokers: Luca Di Ciero - NY SPACE FINDERS and Angela Kontis - Realty Executives
The property was sold on March 29, 2019. Luca Di Ciero from NY SPACE FINDERS and Angela Kontis from Realty Executives represented the respective parties in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$101,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,750.31
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,006.97
Annual Debt Service$108,083.63
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