The Yatrakis Family Sells Multifamily Property In New York City For $1.95M With Brokers Stephen R. Preuss Sr & Andreas Efthymiou, Christian Allimonos - Ripco
36-24 32nd St Long Island City, NY 11106, USA
$1,950,000
$346/SF
Building Size
5,625 SF
Asset Type
MultiFamily
Closing
Jun 6, 2023
AI
The Yatrakis Family has sold a multifamily property located at 36-24 32nd Street in New York City. The property consists of 6 units and spans 5,625 square feet. The sale price for this transaction was $1,950,000, resulting in a per unit price of $325,000. The price per square foot was calculated to be $347.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,950,000
- Address: 36-24 32nd Street
- Market: New York City
- Seller: The Yatrakis Family
- Brokers: Stephen R. Preuss Sr & Andreas Efthymiou, Christian Allimonos - Ripco
- Units: 6
- Price per Unit: $325,000
- Square Footage: 5,625
- Price per Square Foot: $347
The transaction was facilitated by brokers Stephen R. Preuss Sr, Andreas Efthymiou, and Christian Allimonos of Ripco.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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