Costa Vasilopoulos Acquires 6-Unit Multifamily In South Astoria For $1.53M
32-32 44th Street, Queens, NY, USA
$1,530,000
$404/SF
Building Size
3,780 SF
Asset Type
MultiFamily
Closing
Dec 9, 2021
AI
A multifamily property located at 32-32 44th Street in South Astoria was recently sold for $1,530,000. The property consists of 6 units with a total square footage of 3,780. The price per unit was approximately $255,000, and the price per square foot was around $404. The transaction took place on 12/09/2021.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,530,000
- Units: 6
- Price per Unit: $255,000
- Square Footage: 3,780
- Price per Square Foot: $404
- Address: 32-32 44th Street
- Market: South Astoria
Costa Vasilopoulos purchased the property from Carmela Iuliano and Michael Iuliano. The deal was facilitated by brokers Derek Bestreich, Luke Sproviero, Donal Flaherty, Logan Boenning, and Stavros Couvaras from BRG Bestreich Realty Group.
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
10.37%
Cash-on-Cash
-2.96%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93