Updated Dec 21, 2023
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
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