facebook
Traded Co logo
Submit

Costa Vasilopoulos Acquires 6-Unit Multifamily In South Astoria For $1.53M

Property Image
SOLD
$1,530,000
Logan Boenning
Luke Sproviero
+ 2

New York

See Similar Deals
MultiFamily3,780 SF
Sold 12/09/2021
the dealplayerscompscontact
Property Image
SOLD

Costa Vasilopoulos Acquires 6-Unit Multifamily In South Astoria For $1.53M

32-32 44th Street, Queens, NY, USA

See Similar Deals
MultiFamily3,780 SF
Sold 12/09/2021
Logan Boenning
Luke Sproviero
+ 2
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$404
Total Square Footage:3,780 SF
Transaction Type:Sale

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

Derek Bestreich
312 deals$1.1B volume(718) 360-8802
BROKER

Donal Flaherty
Investment Property Realty Group (IPRG)
101 deals$367.7M volume(718) 360-8823
BROKER

Luke Sproviero
Investment Property Realty Group (IPRG)
222 deals$848.7M volume
BROKER

Logan Boenning
JLL
7 deals$33.9M volume
BROKER

Stavros Couvaras
Investment Property Realty Group (IPRG)
2 deals$3.5M volume
BROKER

Details

SOLD
IMAGE: Donal Flaherty & Logan Boenning DATE: 12/09/2021 ADDRESS: 32-32 44th Street MARKET: South Astoria ASSET TYPE: Multifamily BUYER: Costa Vasilopoulos SELLER: Carmela Iuliano & Michael Iuliano BROKERS: Derek Bestreich, Luke Sproviero (@DaLucien), Donal Flaherty (@Tefbreh), Logan Boenning (@LoganB.CRE) & Stavros Couvaras - BRG Bestreich Realty Group (@BRG_CRE) SALE PRICE: $1,530,000 UNITS: 6 ~ PPU: $255,000 SF: 3,780 ~ PPSF: $404

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$81,600.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,435.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,252.98
Annual Debt Service$87,035.77