Angelo Gounaris Acquires Woodside Multifamily For $1.425M

An multifamily property located at 47-28 45th Street in Woodside, Queens has been sold for a price of $1,425,000. This property consists of 6 units and has a total square footage of 3,975. The sale price per square foot is $359, and the price per unit is $237,500. All of the units in this property are rent-stabilized, making it an attractive investment opportunity. The cap rate for this property is 5.2%, indicating a favorable return on investment.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $1,425,000
• Address: 47-28 45th Street, Woodside, Queens
• Market: Woodside, Queens
• Square Footage: 3,975
• Price per Square Foot: $359
• Number of Units: 6
• Price per Unit: $237,500
• Rent Stabilized: 100%
• Cap Rate: 5.2%

The buyer for this transaction was Angelo Gounaris, while Marco Gonzales served as the seller. The deal was facilitated by brokers Max Belinsky, Dimitri Kapelonis, Constantinos Kapelonis, and Austin Roche from BKR Real Estate Group.