Updated Dec 20, 2023
Gandolfo Difiore Acquires Astoria, Queens Multi Family For $5.65M
44-11 31st Ave, Long Island City, NY 11103, USA
$5,650,000
$420/SF
Building Size
13,427 SF
Asset Type
MultiFamily
Closing
Jul 26, 2018
About this deal
AI
The multi-family property located at 44-03 31st Ave and 44-11 31st Ave in Astoria, Queens, has been sold for $5,650,000. The property spans a total of 13,427 square feet, resulting in a price per square foot of $420.
Summary of transaction details
- Property Type: Multi Family
- Transaction Amount: $5,650,000
- Address: 44-03 31st Ave, 44-11 31st Ave
- Market: Astoria, Queens
The seller of the property was Jenina Schiller, while the buyer was Gandolfo Difiore. Both sides of the deal were represented by Rodney Nassimian from @Highcap_Group.
Players
Astoria 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
2.81%
Cash-on-Cash
-0.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93