Eugene Kuljanc Acquires Multifamily Property In Astoria For $16.75M
31-65 29th St, Queens, NY 11106, USA
$16,750,000
$423/SF
Building Size
39,549 SF
Asset Type
MultiFamily
Closing
Mar 23, 2020
AI
The Lambadis Family has sold a multifamily property located at 3165 29th St. in Astoria. The property was purchased by Eugene Kuljanc for a total of $16,750,000. The transaction involved a building with a total square footage of 39,549, resulting in a price per square foot of $423.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $16,750,000
- Square Footage: 39,549
- Price Per Square Foot: $423
- Address: 3165 29th St., Astoria
The sale of the property was facilitated by brokers Matt Fotis, Zac Golub, Lazarus Apostolidis, and Paul Youssef.
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
0.95%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93