John Antzoulis Acquires Multifamily Property In Astoria For $6.4M
SOLD
$6,400,000
New York
See Similar DealsMultiFamily20,600 SF
Sold 05/02/2023
SOLD
John Antzoulis Acquires Multifamily Property In Astoria For $6.4M
35-25 29th Street
See Similar DealsMultiFamily20,600 SF
Sold 05/02/2023
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$310
Total Square Footage:20,600 SF
Transaction Type:Sale
The multifamily property located at 35-25 29th Street in Astoria has been sold. The transaction, dated May 2, 2023, involved the sale of a 32-unit building with a total square footage of 20,600 and a sale price of $6,400,000. This amounts to an average price per unit of $200,000 and a price per square foot of $311.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $6,400,000
- Address: 35-25 29th Street
- Market: Astoria
- Units: 32
- Price per Unit: $200,000
- Square Footage: 20,600
- Price per Square Foot: $311
The buyer in this transaction was John Antzoulis, while the seller was the Estate Of Angelo Roussos. The deal was facilitated by Dylan Walsh, Daniel O'Brien, and Nick Kolbus from Cushman & Wakefield acting as brokers representing the respective parties.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$341,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$22,737.86
Cash-on-Cash Return-1.27%
Monthly Debt Service$30,339.27
Annual Debt Service$364,071.18
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