Updated Aug 8, 2025
Vincent Chan Acquires Multifamily Property From Berger Family For $1.83M In Sunnyside Gardens
39 30 45th Street
$1,832,500
$859/SF
Building Size
2,132 SF
Asset Type
MultiFamily
Closing
Jul 29, 2025
About this deal
AI
The property involved is a multi-family asset located at 39-30 45th Street in the Sunnyside Gardens market. It was sold for $1,832,500, comprising 3 units spread over a total square footage of 2,132, which yields a price per unit of $610,833 and a price per square foot of $859.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $1,832,500
- Units: 3
- Square Footage: 2,132
- Price Per Unit: $610,833
- Price Per Square Foot: $859
- Buyer: Vincent Chan
- Seller: Berger Family
- Broker Representatives: Etan Hakimi & Mitra Hakimi - Mitra Hakimi Realty Group
The transaction was executed by the mother-son team of Mitra Hakimi and Etan Hakimi, who represented the seller, Berger Family. This multifamily property had been owned by the same family for half a century prior to the sale.
Players
Sunnyside 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
8.66%
Cash-on-Cash
-2.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93