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35-41 34th Street, Astoria,...

The Kaliak Family Acquires Astoria Multifamily Property For $1.7M
SOLDMultiFamily

The Kaliak Family Acquires Astoria Multifamily Property For $1.7M

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

$1,725,000

$483/SF

Building Size

3,569 SF

Asset Type

MultiFamily

Closing

Sep 10, 2021

AI

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

Development Site Advisors

Broker

$11.7M

vol

2 deals

Broker

Astoria 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

9.20%

Cash-on-Cash

-2.63%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93