Updated Sep 5, 2024
Dom Casamento Acquires Multifamily Property In Astoria, Queens For $3.5M
34-23 43rd Street
$3,500,000
$445/SF
Building Size
7,860 SF
Asset Type
MultiFamily
Closing
Aug 2, 2022
About this deal
AI
The multifamily property located at 34-23 & 34-27 43rd Street in Astoria, Queens, has been sold in a closed transaction. The property spans 7,860 square feet and was sold for a total price of $3,500,000, resulting in a price per square foot of $445.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,500,000
- Address: 34-23 & 34-27 43rd Street, Astoria, Queens
- Market: Astoria, Queens
The buyer of the property is Dom Casamento, while the seller is Antonio Sulcis. The deal was facilitated by brokers Shaun Riney, Sean Fopeano, and Louis Zarif from Marcus & Millichap.
Players
Mogale City Local Municipality 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
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93