Ervin Brahimi Acquires Multifamily Property In Astoria For $1.8M
31-31 35th St, Queens, NY 11106, USA
$1,800,000
$35/SF
Building Size
50,250 SF
Asset Type
MultiFamily
Closing
Jan 7, 2020
AI
The multifamily property located at 31-31 35th Street in Astoria has been sold for a total price of $1,800,000. The property spans across 5,025 square feet, resulting in a price per square foot of $358. This transaction involved a total of 6 units, with each unit being sold at an average price of $300,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,800,000
- Address: 31-31 35th Street
- Market: Astoria
- Square Footage: 5,025
- Price per Square Foot: $358
- Number of Units: 6
- Price per Unit: $300,000
The seller of this property was Alex Gaal, while the buyer was Ervin Brahimi. Facilitating the deal was Alex Giannikas from modernspaces acting as the broker.
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
8.81%
Cash-on-Cash
-2.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93