Updated Oct 28, 2024
TriArch Real Estate Group Acquires Multifamily Property In Astoria For $7.3M
43-18 25th Avenue, Queens, New York 11103, United States
$7,300,000
$506/SF
Building Size
14,400 SF
Asset Type
MultiFamily
Closing
Apr 3, 2022
About this deal
AI
Located at 43-18 25th Avenue in Astoria, this multifamily property was recently sold in a closed transaction. The property consists of 14 units, offering a spacious living space for its residents. The sale price for this property was $7,300,000, making it a lucrative investment opportunity.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $7,300,000
- Address: 43-18 25th Avenue
- Market: Astoria
The buyer in this transaction was TriArch Real Estate Group, while the seller was 43-18 25th Ave LLC. The property spans across 14,400 square feet, resulting in a price per square foot of $506. With its prime location in Astoria and its attractive price, this property presented an excellent investment opportunity for both the buyer and the seller.
On the Map
$7,300,000
$506/SF
MultiFamily
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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
2.17%
Cash-on-Cash
-0.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93