Peak Capital Acquires Astoria Multifamily For $1.95M With Buyer's Rep Alex Rabin & Seller Halina Bukaj
3534 32nd Street, Astoria, Queens, NY 11106, USA
$1,950,000
$351/SF
Building Size
5,541 SF
Asset Type
MultiFamily
Closing
Sep 15, 2021
AI
The multifamily property located at 3534 32nd Street in Astoria was recently sold for $1,950,000. The property consists of 6 units, with a price per unit of $325,000. The total square footage of the property is 5,541, resulting in a price per square foot of $351. The sale took place on September 15, 2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,950,000
- Units: 6
- Price per Unit: $325,000
- Square Footage: 5,541
- Price per Square Foot: $351
The buyer of the property was Peak Capital, represented by Alex Rabin and David Gomez. The seller was Halina Bukaj. The deal was facilitated by brokers Derek Bestreich, Luke Sproviero, Donal Flaherty, Logan Boenning, and Stavros Courvaras from Bestreich Realty Group (BRG).
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
8.13%
Cash-on-Cash
-2.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93