Updated Dec 21, 2023
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
About this deal
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.
On the Map
$1,550,000
$410/SF
MultiFamily
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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