Updated Dec 20, 2023
Theodore Livanos Acquires Woodside Multifamily For $4.75M
39-33 57th Street, Queens, New York 11377, United States
$4,750,000
$339/SF
Building Size
14,000 SF
Asset Type
MultiFamily
Closing
Sep 15, 2022
About this deal
AI
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.
Players
New York 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
3.34%
Cash-on-Cash
-0.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93