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34-23 43rd Street

Dom Casamento Acquires Multifamily Property In Astoria, Queens For $3.5M
SOLDMultiFamily

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

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

Shaun Riney
Verified Badge

Shaun Riney

Marcus & Millichap

Broker

$1.8B

vol

358 deals

Broker

Dom Casamento

Kingdom Equities

Buyer

$47.7M

vol

12 deals

Buyer

Antonio Sulcis

Seller

$7M

vol

2 deals

Seller

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