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34-32 43rd Street, Long Isl...

Vincent Todaro Acquires Multifamily Property In Long Island City For $1.8M
SOLDMultiFamily

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

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.

Players

Vincenzo Amato

TEK Realty Advisors TEKRA

Broker

$72.7M

vol

7 deals

Broker

Long Island City MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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