Tsewang Lama Acquires Multifamily Property In Astoria For $1.42M
34-25 42nd Street, Queens, New York 11103, United States
$1,420,000
$284/SF
Building Size
4,984 SF
Asset Type
MultiFamily
Closing
Dec 21, 2021
AI
A multifamily property located at 34-25 42nd Street in Astoria has been sold for a total price of $1,420,000. The property spans across 4,984 square feet and is zoned as R5. It consists of six units, with each unit costing an average of $236,666.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,420,000
- Address: 34-25 42nd Street, Astoria
- Market: Astoria
- Zoning: R5
- Square Feet: 4,984
- Number of Units: 6
- Price per Square Foot: $284
- Price per Unit: $236,666
The buyer of the property is Tsewang Lama, while the seller is Irene Nacinovic. The deal was facilitated by Alex Giannikas from ModernSpaces.
Players
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
11.17%
Cash-on-Cash
-3.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93