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39-06 114th Street

Steve Valiotis Acquires Multifamily Asset In Corona From William Niarakis For $4.75M
SOLDMultiFamily

Steve Valiotis Acquires Multifamily Asset In Corona From William Niarakis For $4.75M

39-06 114th Street

$4,550,000

$111/SF

Building Size

40,936 SF

Asset Type

MultiFamily

Closing

May 31, 2026

AI

The property asset involved in the transaction is a multifamily building located at 39-06 114th Street in the Corona market. The deal was finalized for a transaction amount of $4,750,000. The square footage of the property is 40,936, which translates to a price per square foot of $116.

Summary of transaction details:

This transaction involved several key individuals, with Steve Valiotis as the buyer and William Niarakis as the seller. The deal was facilitated by a team of brokers from Marcus & Millichap, including Seth Glasser, Shaun Riney, Matthew Rosenzweig, Jakub Nowak, Sean Fopeano, and David Cornejo, who played a pivotal role in executing the transaction.

Players

Jakub Nowak

Marcus & Millichap

Broker

$486.7M

vol

89 deals

Broker
Shaun Riney
Verified Badge

Shaun Riney

Marcus & Millichap

Broker

$1.8B

vol

360 deals

Broker

Corona 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

3.49%

Cash-on-Cash

-1.00%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93