Updated Dec 21, 2023
Vasilios Falidas Acquires South Astoria Multi Family For $4.63M
32-38 41st Street, Queens, New York 11103, United States
$4,625,000
$468/SF
Building Size
9,880 SF
Asset Type
MultiFamily
Closing
Dec 29, 2021
About this deal
AI
The multi-family property located at 32-38 41 Street in South Astoria, Queens has been sold in a closed transaction. The property is zoned as R5 and has a lot size of 3,800 square feet with dimensions of 40 ft x 95 ft. The building has a total square footage of 9,880 and a building square footage (BSF) of 4,750. The sale price for this transaction was $4,625,000, resulting in a price per square foot (PPSF) of $468. The price per building square foot (PPBSF) is $974, and the floor area ratio (FAR) is 2.60. The property falls under tax class 2.
Summary of transation details
- Property Type: Multi Family
- Transaction Amount: $4,625,000
- Address: 32-38 41 Street, South Astoria, Queens
- Market: South Astoria, Queens
- Zoning: R5
- LOT SIZE: 3,800
- LOT DIMENSION: 40 ft x 95 ft
Vasilios Falidas purchased the property from John Millas in this transaction.
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
3.43%
Cash-on-Cash
-0.98%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93