TriHill Management Acquires Astoria Multifamily Property From Steve Tenedios For $9.9M
31-40 30th Street, Queens, New York 11106, United States
$9,900,000
$347/SF
Building Size
28,480 SF
Asset Type
MultiFamily
Closing
Dec 13, 2021
AI
The property involved in the transaction is a multifamily asset located at 31-40 30th Street & 41-07 28th Avenue in Astoria. The property is zoned as R5 and has a total square footage of 28,480. It consists of 40 units with an average price per unit of $247,500. The sale price for the property was $9,900,000, resulting in a price per square foot of $347.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $9,900,000
- Building Square Footage: 28,480
- Unit Count: 40
- Price Per Square Foot: $347
- Price Per Unit: $247,500
The buyer in this transaction is TriHill Management represented by Chris DeAngelis and Christine Monahan. The seller is Steve Tenedios.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.60%
Cash-on-Cash
-0.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93