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:
- Property Type: Multifamily
- Transaction Amount: $4,750,000
- Address: 39-06 114th Street
- Market: Corona
- Square Footage: 40,936
- Price per Square Foot: $116
- Buyer: Steve Valiotis
- Seller: William Niarakis
- Brokers: Seth Glasser, Shaun Riney, Matthew Rosenzweig, Jakub Nowak, Sean Fopeano, and David Cornejo - Marcus & Millichap
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
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