Theodore Livanos Acquires Woodside Multifamily For $4.75M
SOLD
$4,750,000
New York
See Similar DealsMultiFamily14,000 SF
Sold 09/16/2022
SOLD
Theodore Livanos Acquires Woodside Multifamily For $4.75M
39-33 57th Street, Queens, New York 11377, United States
See Similar DealsMultiFamily14,000 SF
Sold 09/16/2022
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$339
Total Square Footage:14,000 SF
Transaction Type:Sale
The multifamily property located at 39-33 57th Street in Woodside was recently sold. The transaction took place on 09/16/2022 and involved a total of 21 units. The property spans over 14,000 square feet and was sold for a total price of $4,750,000, which corresponds to an average price per unit of $226,190. The price per square foot for this transaction was $339.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,750,000
- Address: 39-33 57th Street, Woodside
- Market: Woodside
- Units: 21
- Price Per Unit: $226,190
- Square Footage: 14,000
- Price Per Square Foot: $339
The buyer of the property was Theodore Livanos, while Joseph Gavin acted as the seller in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$253,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$16,875.76
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,517.42
Annual Debt Service$270,209.08
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