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48-41 45th St, Flushing, NY...

Updated Dec 21, 2023

Evan Georgantonis Acquires Multi-Family Property In Sunnyside, New York For $1.5M
SOLDMultiFamily

Evan Georgantonis Acquires Multi-Family Property In Sunnyside, New York For $1.5M

48-41 45th St, Flushing, NY 11377, USA

Building Size

36,000 SF

Asset Type

MultiFamily

Closing

May 17, 2018

About this deal

AI

A multi-family property located at 48-41 45th Street in Sunnyside, New York has been sold in a closed transaction. The property spans 3,600 square feet and was sold for a price of $1,500,000, resulting in a price per square foot of $417. The transaction achieved a cap rate of 4.4%.

Summary of transaction details:

  • Property Type: Multi-Family
  • Transaction Amount: $1,500,000
  • Market: Sunnyside
  • Address: 48-41 45th Street, New York
  • Size: 3,600 square feet
  • Price per Square Foot: $417
  • Cap Rate: 4.4%

The seller of the property was Gelsomina Manniello, while the buyer was Evan Georgantonis. Representing the seller in the deal was Vinny Lapuma from Nest Seekers. On the buyer's side, the representative was Jake Brodie from Alpha Realty.

Players

Vinny Lapuma

Nest Seekers International

Broker

1 deal

Broker

Woodside 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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