Peak Capital RE Acquires Multifamily Property In Astoria, Queens For $2.55M
31-64 41st Street
$2,550,000
$397/SF
Building Size
6,423 SF
Asset Type
MultiFamily
Closing
Dec 10, 2021
AI
A multifamily property located at 31-64 41st Street in Astoria, Queens was recently sold for a price of $2,550,000. The property consists of 8 units with a total square footage of 6,423. The price per unit was $318,750, and the price per square foot was $397. The sale was facilitated by brokers Angela Kontis and George Fuiaxis from Hellenic.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $2,550,000
- Units: 8
- Price per Unit: $318,750
- Square Footage: 6,423
- Price per Square Foot: $397
- Address: 31-64 41st Street, Astoria, Queens
- Market: Astoria, Queens
The buyer of the property was Peak Capital Real Estate, represented by Alex Rabin and David Gomez. The seller was George Giannaris. Angela Kontis and George Fuiaxis from Hellenic served as the brokers in the transaction.
Players
Astoria 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
6.22%
Cash-on-Cash
-1.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93