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32-37 43rd Street, Queens, ...

Kostas Zachariades Acquires Astoria Multifamily For $1.55M
SOLDMultiFamily

Kostas Zachariades Acquires Astoria Multifamily For $1.55M

32-37 43rd Street, Queens, New York 11103, United States

$1,550,000

$410/SF

Building Size

3,780 SF

Asset Type

MultiFamily

Closing

Sep 22, 2022

AI

The multifamily property located at 32-37 43rd St. in Astoria has been sold. The property consists of 6 units and spans across 3,780 square feet. The sale price for this transaction was $1,550,000, resulting in a price per unit of $258,333 and a price per square foot of $410.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,550,000
  • Address: 32-37 43rd St.
  • Market: Astoria
  • Units: 6
  • Square footage: 3,780
  • Price per unit: $258,333
  • Price per square foot: $410

Kostas Zachariades was the buyer of this property, while Lina Persich served as the seller. The deal was facilitated by brokers Matt Fotis, Lazarus Apostolidis, and Danzel Williams from Marcus & Millichap.

Players

Matt Fotis

Marcus & Millichap

Broker

$609.4M

vol

112 deals

Broker

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

10.23%

Cash-on-Cash

-2.92%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93