facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Multifamily

/

Sale

/

32-64 41st Street

Updated Dec 4, 2024

Bilt advertisement
Frank Kurre Buys Multifamily Property From The Varrichio Family In Astoria Sale
SOLDMultiFamily

Frank Kurre Buys Multifamily Property From The Varrichio Family In Astoria Sale

32-64 41st Street

$2,750,000

$278/SF

Building Size

9,880 SF

Asset Type

MultiFamily

Closing

Jun 27, 2024

About this deal

AI

The multifamily property located at 32-64 41st Street in Astoria, Queens, was sold for $2,750,000. This property encompasses 20 units, offering a price per unit of $137,500. The total square footage of the property is 9,880, translating to a price per square foot of $278.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,750,000
  • Units: 20
  • Price Per Unit: $137,500
  • Square Footage: 9,880
  • Price Per Square Foot: $278
  • Address: 32-64 41st Street, Astoria, Queens
  • Market: Astoria, Queens

Frank Kurre acquired the property from The Varrichio Family. The transaction was facilitated by Shaun Riney, Sean Fopeano, David Cornejo, and Louis Zarif of Marcus & Millichap.

Players

Shaun Riney
Verified Badge

Shaun Riney

Marcus & Millichap

Broker

$1.9B

vol

382 deals

Broker

Astoria MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Deal FAQ

About $278 per square foot on a published $2.8M for 9,880 square feet (2024).

Visit Louis Zarif to view all their deals.

Browse Astoria multifamily sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.77%

Cash-on-Cash

-1.65%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

More Deals

Nearby Markets