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3534 32nd Street, Astoria, ...

Peak Capital Acquires Astoria Multifamily For $1.95M With Buyer's Rep Alex Rabin & Seller Halina Bukaj
SOLDMultiFamily

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

Derek Bestreich

Investment Property Realty Group (IPRG)

Broker

$1.1B

vol

312 deals

Broker
Donal Flaherty
Verified Badge

Donal Flaherty

Investment Property Realty Group (IPRG)

Broker

$367.7M

vol

101 deals

Broker
David Gomez

David Gomez

Buyer

$402.3M

vol

71 deals

Buyer

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