Sufia Khan Acquires Multifamily Property In Astoria, Queens For $1.128M
35-48 32nd St, Long Island City, NY 11106, USA
$1,128,000
$383/SF
Building Size
2,940 SF
Asset Type
MultiFamily
Closing
Mar 12, 2020
AI
The multifamily property located at 35-48 32nd St. in Astoria, Queens has closed in a transaction. The property spans 2,940 square feet and was sold for a sale price of $1,128,000. The property was previously listed for an asking price of $1,200,000, resulting in a price per square foot of $385. The seller of the property was Chris Economou, while the buyer was Sufia Khan.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,128,000
- Property Address: 35-48 32nd St., Astoria, Queens
- Market: Astoria, Queens
- Square Footage: 2,940
- Seller: Chris Economou
- Buyer: Sufia Khan
The transaction was facilitated by Luca DiCiero, a representative from @NYSpaceFinders. The property was delivered vacant at the closing of the deal.
Players
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
14.06%
Cash-on-Cash
-4.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93