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39 30 45th Street

Updated Aug 8, 2025

Vincent Chan Acquires Multifamily Property From Berger Family For $1.83M In Sunnyside Gardens
SOLDMultiFamily

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

Etan Hakimi

Mitra Hakimi Realty Group

Broker

$15M

vol

8 deals

Broker
Mitra Hakimi Realty Group
Mitra Hakimi Realty GroupBrokerage

Sunnyside MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $859 per square foot on a published $1.8M for 2,132 square feet (2025).

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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

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