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Alma Realty Acquires Multifamily Asset From Sgouros Family In Flushing For $11.5M

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SOLD
$11,500,000

New York

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MultiFamily108,499 SF
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Alma Realty Acquires Multifamily Asset From Sgouros Family In Flushing For $11.5M

35 28 153rd Street

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MultiFamily108,499 SF
Sold
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$106
Total Square Footage:108499 SF
Transaction Type:Sale

The asset involved in this transaction is a multifamily property located at 35-28 153rd Street & 35-30 153rd Street in the Flushing market. The property was sold for $11,500,000, encompassing 110 units with a price per unit of $104,545. The total square footage of the property stands at 108,499, resulting in a price per square foot of $106.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $11,500,000
  • Units: 110
  • Price Per Unit: $104,545
  • Square Footage: 108,499
  • Price Per Square Foot: $106
  • Buyer: Alma Realty
  • Seller: Sgouros Family
  • Brokers: Yosef Katz, Shlomo Antebi & Erik Yankelovich - Atlas Realty Group

This transaction highlights the involvement of key individuals including buyer Alma Realty and seller Sgouros Family, with the brokers, Yosef Katz, Shlomo Antebi, and Erik Yankelovich, representing the transactional sides through Atlas Realty Group.

Players

Erik Yankelovich
124 deals$1B volume
BROKER

Yosef Katz
Atlas Realty Group
130 deals$1.1B volume
BROKER

Shlomo Antebi
Atlas Realty Group
135 deals$994.4M volume
BROKER

Atlas Realty Group
BROKERAGE

Details

SOLD
IMAGE: Shlomo Antebi, Yosef Katz & Erik Yankelovich DATE: 8/7/2025 ADDRESS: 35-28 153rd Street & 35-30 153rd Street MARKET: Flushing ASSET TYPE: Multifamily BUYER: Alma Realty SELLER: Sgouros Family BROKERS: Yosef Katz (@Katz.Yosef), Shlomo Antebi & Erik Yankelovich (@Eyfromny) - Atlas Realty Group (@ARG_NYC) SALE PRICE: $11,500,000 UNITS: 110 ~ PPU: $104,545 SF: 108,499 ~ PPSF: $106

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$613,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$40,857.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$54,515.87
Annual Debt Service$654,190.40