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
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