facebook
Traded Co logo
Submit

The Kaliak Family Acquires Astoria Multifamily Property For $1.7M

Property Image
SOLD
$1,725,000

New York

See Similar Deals
MultiFamily3,569 SF
Sold 09/10/2021
the dealplayerscompscontact
Property Image
SOLD

The Kaliak Family Acquires Astoria Multifamily Property For $1.7M

35-41 34th Street, Astoria, Queens, NY, USA

See Similar Deals
MultiFamily3,569 SF
Sold 09/10/2021
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$483
Total Square Footage:3,569 SF
Transaction Type:Sale

The multifamily property located at 35-41 34th Street in Astoria has been sold. The transaction took place on 09/10/2021 with a sale price of $1,725,000. The property, which is in a rent-stabilized tax class (2B), spans a total of 3,569 square feet. The sale included 7 units, resulting in an average price per unit of $246,429. The buyer of the property is The Kaliak Family, while the seller is George Thomas. The deal was facilitated by broker Alex S. Isak of Alex Isak Realty Services.

Summary of transaction details:

  • Property Type: Multifamily (Rent Stabilized)
  • Transaction Amount: $1,725,000
  • Square Feet: 3,569
  • Address: 35-41 34th Street
  • Market: Astoria
  • Tax Class: 2B

Alex S. Isak, representing Alex Isak Realty Services, played a pivotal role as the broker in this transaction. With 21 years of experience, Alex Isak provides a confidential broker opinion of value for assets. As an exclusive seller representative, Alex Isak Realty Services ensures a seamless experience throughout the entire process.

Players

Alex Isak
2 deals$11.7M volume
BROKER

Alex Isak
Development Site Advisors
2 deals$11.7M volume
BROKER

Details

SOLD
IMAGE: Alex S. Isak DATE: 09/10/2021 ADDRESS: 35-41 34th Street MARKET: Astoria ASSET TYPE: Multifamily (Rent Stabilized) ~ TAX CLASS: 2B BUYER: The Kaliak Family SELLER: George Thomas BROKER: Alex S. Isak (@Alex_Isak212) - Alex Isak Realty Services SALE PRICE: $1,725,000 SF: 3,569 ~ PPSF: $483 UNITS: 7 ~ PPU: $246,429 NOTE FROM BROKER: Contact @alex_isak212 via dm or [email protected] for a confidential broker opinion of value for your asset. You will hire a broker with 21 years of experience holding your hand every step of the way. I represent only sellers on an exclusive basis.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$91,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,128.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,177.38
Annual Debt Service$98,128.56