Updated Aug 26, 2025
Vincent Todaro Acquires Multifamily Property In Long Island City For $1.8M
34-32 43rd Street, Long Island City, NY, USA
$1,835,000
$339/SF
Building Size
5,400 SF
Asset Type
MultiFamily
Closing
Dec 3, 2018
About this deal
AI
A multifamily property located at 34-32 43rd Street in Long Island City was recently sold for $1,835,000. The property spans 5,400 square feet, resulting in a price per square foot of $339.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,835,000
- Address: 34-32 43rd Street
- Market: Long Island City
The seller of the property was Tony Arnidis, while the buyer was Vincent Todaro. The deal was facilitated by brokers Theo Kontis and Vincenzo Amato from tekra_ny. It is worth noting that the property is located within an Opportunity Zone.
On the Map
$1,835,000
$339/SF
MultiFamily
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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
8.64%
Cash-on-Cash
-2.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93