Emir Sheikh Acquires Astoria Multifamily For $2.75M With Buyer's Rep Mashud Ahmed & Seller's Rep Albi Kallashi
SOLD
$2,750,000
New York
See Similar DealsMultiFamily7,228 SF
Sold 08/29/2023
SOLD
Emir Sheikh Acquires Astoria Multifamily For $2.75M With Buyer's Rep Mashud Ahmed & Seller's Rep Albi Kallashi
32-82 30th StQueens, NY 11106, USA
See Similar DealsMultiFamily7,228 SF
Sold 08/29/2023
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$380
Total Square Footage:7,228 SF
Transaction Type:Sale
A multifamily property located at 32-82 30th Street in Astoria, Queens has been sold for $2,750,000. The property consists of 8 units, with an average price per unit of $343,750. The total square footage of the property is 7,228, resulting in a price per square foot of $380.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,750,000
- Units: 8
- Price per Unit: $343,750
- Square Footage: 7,228
- Price per Square Foot: $380
- Address: 32-82 30th Street, Astoria, Queens
- Market: Astoria, Queens
The buyer of the property is Emir Sheikh, and the seller is Pedro Ventinez. The buyer was represented by Mashud Ahmed from The Bouklis Group, while the seller was represented by Albi Kallashi from Compass.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$146,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,770.18
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,036.40
Annual Debt Service$156,436.84
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