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34 18 44th Street

Updated Mar 10, 2025

Constantine Dionysiou Purchases Multifamily Property From McCue Family For $1.1M In Long Island City
SOLDMultiFamily

Constantine Dionysiou Purchases Multifamily Property From McCue Family For $1.1M In Long Island City

34 18 44th Street

$1,100,000

$279/SF

Building Size

3,930 SF

Asset Type

MultiFamily

Closing

Mar 6, 2025

About this deal

AI

The property asset involved in this transaction is a multifamily building located at 34-18 44th Street in Long Island City, Queens. The sale price for the asset was $1,100,000, which represents a price per unit of $183,333. The total square footage of the building is 3,930, resulting in a price per square foot of $279.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,100,000
  • Buyer: Constantine Dionysiou
  • Seller: McCue Family
  • Broker Representatives: Donal Flaherty & Tom Reynolds - Investment Property Realty Group
  • Units: 6
  • Square Footage: 3,930
  • Price Per Unit: $183,333
  • Price Per Square Foot: $279

The key individuals involved in this transaction include buyer Constantine Dionysiou and seller McCue Family, with the representation provided by brokers Donal Flaherty and Tom Reynolds from Investment Property Realty Group, facilitating the agreement between the two parties involved in the sale.

Players

Donal Flaherty
Verified Badge

Donal Flaherty

Investment Property Realty Group (IPRG)

Broker

$400.2M

vol

105 deals

Broker

Constantine Dionysiou

Buyer

$6.6M

vol

2 deals

Buyer

Long Island City MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $279 per square foot on a published $1.1M for 3,930 square feet (2025).

Visit Tom Reynolds to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

14.42%

Cash-on-Cash

-4.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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