Updated Mar 10, 2025
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
Long Island City 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
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93