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32-32 44th Street, Queens, ...

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

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

Derek Bestreich

Investment Property Realty Group (IPRG)

Broker

$1.1B

vol

312 deals

Broker
Donal Flaherty
Verified Badge

Donal Flaherty

Investment Property Realty Group (IPRG)

Broker

$367.7M

vol

101 deals

Broker

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