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66-16 49th Avenue

Cheung Family Purchases MultiFamily Property From Carusone Family For $2.3M In Woodside
SOLDMultiFamily

Cheung Family Purchases MultiFamily Property From Carusone Family For $2.3M In Woodside

66-16 49th Avenue

$2,300,000

$259/SF

Building Size

8,850 SF

Asset Type

MultiFamily

Closing

Mar 29, 2026

AI

The property asset involved in this transaction is a MultiFamily type located at 66-14 & 66-16 49th Avenue in Woodside. The sale price was $2,300,000 for a total of 8 units, resulting in a price per unit of $287,500. The building encompasses 8,850 square feet, equating to a price per square foot of $259.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $2,300,000
  • Units: 8
  • Price Per Unit: $287,500
  • Square Footage: 8,850
  • Price Per Square Foot: $259
  • Buyer: Cheung Family
  • Seller: Carusone Family
  • Broker Representatives: Luca DiCiero & Devin Navarro - NY Space Finders

The key individuals and companies involved in the deal include the Cheung Family as the buyer and the Carusone Family as the seller. The broker representatives, Luca DiCiero and Devin Navarro from NY Space Finders, facilitated the transaction, representing the interests of the parties involved.

Players

Luca DiCiero

NY Space Finders

Broker

$124.3M

vol

151 deals

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

6.90%

Cash-on-Cash

-1.97%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93