George Miltiadou Of Alma Realty Corp Purchases Multifamily Buildings In Murray Hill For $11.5M
35 28 153rd Street
$11,500,000
$225/SF
Building Size
51,042 SF
Asset Type
MultiFamily
Closing
Aug 7, 2025
AI
The asset involved in this transaction is a MultiFamily property located at 35-28 153rd Street in the Murray Hill neighborhood of Queens. The sale price for this property was $11,500,000, and it encompasses a total square footage of 51,042, resulting in a price per square foot of $225.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $11,500,000
- Address: 35-28 153rd Street
- Market: Murray Hill, Queens
- Sale Price: $11,500,000
- Square Footage: 51,042
- Price per Square Foot: $225
- Buyer: George Miltiadou - Alma Realty Corp
- Seller: Essen Realty Enterprises
In this transaction, George Miltiadou represents Alma Realty Corp as the buyer, acquiring the property from the seller, Essen Realty Enterprises. The deal involved the purchase of two adjacent 6-story apartment buildings located at both 35-28 and 35-30 153rd Street.
Players
Flushing 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
1.38%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93