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34-55 Vernon Blvd, Queens, ...

Vasileios Theodoropoulos Acquires Multi-Family Property In Queens For $2.23M
SOLDMultiFamily

Vasileios Theodoropoulos Acquires Multi-Family Property In Queens For $2.23M

34-55 Vernon Blvd, Queens, NY 11106, USA

Building Size

61,900 SF

Asset Type

MultiFamily

Closing

Feb 22, 2018

AI

A multi-family property located at 34-55 Vernon Boulevard in New York City's Queens neighborhood was recently sold for $2,230,000. The property spans 6,190 square feet, resulting in a price per square foot of $360. The transaction reflects a sales price that is $630,000 higher than the property's previous value.

Summary of transaction details

  • Property Type: Multi-Family
  • Transaction Amount: $2,230,000
  • Address: 34-55 Vernon Boulevard
  • City: New York
  • Market: Queens
  • Square Footage: 6,190 sf
  • Price Per Square Foot: $360

The seller of this multi-family property was Rada Perkovic, while the buyer was Vasileios Theodoropoulos. The transaction was facilitated by a team of brokers including Ashley Grebow, Evan Daniel, and Edward DiTomasso from ModernSpaces.

Players

Ashley Grebow Jeshiva

Regal Ventures

Broker

$27.3M

vol

4 deals

Broker

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93