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
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